The White House said on Wednesday that President Donald Trump gave a one -month tariff to Stelanis, Ford and General Motors.
American vehicle manufacturers complying with the United States-Maxico-Canada Agreement (USMCA) are receiving a month off from Trump Administration Tariff Monday, White House Press Secretary Karolin Levitt announced on Wednesday.
“We spoke together Big three automakers“Levit confirmed.” We are going to give a month’s discount on any auto coming through USMCA. ,
“The mutual tariffs will still be applicable on 2 April, but at the request of companies associated with USMCA, the presidents are giving them discounts for a month, so they are not in economic loss,” said Lewet.
He told reporters that Stelantis, Ford and General Motors were companies talking to Trump.
“He requested the call. He asked and the President is happy to do it,” Lavit said. “This is a one -month discount.”
Trump Signs mutual tariff scheme: Economists weigh on how it can work
Ford Mach-ev EV vehicles are seen on Monday at a dealership in Richmond, California. (David Paul Morris / Bloomberg Getty Image / Getty Image)
The USMCA was signed during Trump’s first term.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| F | Ford Motor Cum. | 9.65 | +0.52 |
+5.70% |
| GM | General Motors cum. | 48.45 | +3.23 |
+7.15% |
| STLA | Acting NV | 12.89 | +1.09 |
+9.28% |
In mid -February, Trump signed an executive order to implement mutual tariffs on American business partners, effectively extended duties on imports to match those on the US exports.
Trudep called Trudeau Fentenal Crackdown ‘not enough to close the tariff’
The Trump administration is ready to impose mutual tariffs on 2 April. (Reuters / Nathan Howard / Reuters)
The Trump administration aims to complete its trade review by 1 April and plans to target what it first says to “arrogant” issues, including the highest tariff rates on countries with large trade surplus countries and American goods with the US.
The President’s tariffs will match the high tariff rates of other countries and will compete with other business obstacles such as cumbersome rules, value -added taxes, government subsidy and exchange rate policies and interact with some countries to reduce those obstacles.
On August 18, 2022, engines are picked up at the Stalentis Dandi engine complex in Dundi, Michigan. (Bill Pugliano / Getty Images / Getty Images)
Click here to read more on Fox Business
Critics say tariffs may increase prices for American consumers. Trump sees White House Tariff as a tool for leverage in economic and foreign policy talks, and to bring companies back to America
Fox Business’ Eric Rewell, Louis Cassiano and Hillary Von and Reuters contributed to the report.
