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Your guide to what US elections in 2024 mean for Washington and the world
Donald Trump handed over to car manufacturers about a single -month retribution to tariffs for imports from Mexico and Canada, said the White House at the last minute to the Roil Corporate America.
The White House printing secretary Karoline Leavitt said the US President spoke on Wednesday with Stellantis, Ford and General Motors.
LaVitt added that the exception would apply to cars by compliance with the terms of the 2020 trade agreement between the US, Mexico and Canada.
“The president gives them an exception for one month, so they are not at an economic disadvantage,” Leavitt said.
Designation comes after the markets responded to the markets on Tuesday to the markets of the Trump administration 25 % to imports from Canada and Mexico and another 10 % of the payment in China.
At one point all S&P 500 The profits after the elections were erasedbefore the index regained the land.
Mexico and Canada tariffs are considered particularly repressive for the automotive industry due to complex supplier chains that Criss-Cross North America.
Trump's tariffs They launched the escalating North American trade war, and Canada responded to its own imports in the US. Mexico said he was planning to announce his answer on Sunday.
Leavitt suggested that more industries would be able to make a reason for carving from tariffs and stated that Trump was “an open hearing of other exceptions”.
“He always has an open dialogue and always does it.” . . What is right, what they believe is right for US people, ”she added.
However, Lardt said that Trump's “mutual” tariffs would still come into force on April 2. April as planned.
“She feels strong about it, no matter what, no exception,” she said. “So from here comes one month.”
Trump told the company “getting to it” and start moving its production to the US, Leavitt said. “That's the final goal.”
Previously, on Wednesday, US trade Minister Howard Lutnick said that Trump would “consider” relief for certain sectors.
However, he repeated the complaints of Trump's administration that Mexico and Canada could not limit trading with deadly opioid fentanyl and suggested that any retribution could only last a month.
US manufacturers' shares jumped on Wednesday and Ford gained 5.1 %, General Motors rose by 6 percent, and the American depository Stellantis rose nearly 9 percent. Other groups also gained, with depository revenues from Wall Street in Toyota, Japan, rose by 6 percent.
