President Donald Trump has delayed tariffs on automobile imports from Canada and Mexico for one month after requests from executives at the Big Three automakers — General Motors, Ford, and Stellantis — with the expectation that they will move any offshore operations to the United States by April 2. The reprieve, which Politico first reported, […] © 2024 TechCrunch. All rights reserved. For personal use only.
President Trump has delayed tariffs on automobile imports from Canada and Mexico for one month, allowing automakers to relocate their operations to the US by April 2. This decision followed requests from GM, Ford, and Stellantis, with the expectation that they comply with the USMCA. The 25% tariffs, previously duty-free under the agreement, could significantly increase car prices. Ford's CEO highlighted the company's limited capacity to quickly shift production, while Trump urged manufacturers to move operations onshore.
