United States president Donald Trump, on March 5, granted a one-month exemption on auto tariffs on Mexico and Canada. This comes shortly after a 25% tariff on goods imported from the US’ neighbouring countries took effect on March 4 this year.
According to a report by CNN, this decision comes after Trump spoke to Ford, General Motors (GM) and Stellantis. “At the request of the companies associated with USMCA (United States-Mexico-Canada Agreement), the president is giving them an exemption for one month so they’re not at an economic disadvantage,” said White House press secretary Karoline Leavitt.
Leavitt added that automakers should use the temporary exemption to get in line with the president’s goal of bring America’s auto production back to the United States. “He told them they should get on it, start investing, start moving, shift production here to the United States of America, where they will pay no tariff. That’s the ultimate goal,” she said.
Ford, GM and Stellantis expressed their gratitude for the exemption and will continue to speak with the administration on issue facing the auto industry. However, Ontario premier Doug Ford said he and Canadian prime minister Justin Trudeau are unwilling to accept any tariffs on the country’s goods. “We’re on the same page, zero tariffs and we are not going to budge,” said Doug Ford.
The US imports plenty of models from Mexico and Canada, including those from brands like Audi, BMW, Chevrolet, Ford, GMC, Kia, Nissan, Ram, Toyota, Volkswagen, Chrysler, Dodge, Honda and Lincoln. In addition to cars, Trump also signed executive actions yesterday (March 6) that exempted all products covered by the USMCA free trade treaty for a month.
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one month exemption can make any difference in moving their plants back to US?
Imagine. We import Proton/Perodua
from Indonesia/Thailand plants
one more time to goreng the nyse. donald said tariff impose – stock market tank and donald all in buy. donald later u-turn and tariff postpone – market recover and donald sell, easy money. just keep repeating…
This is the leader a country need, not a leader that trying spends taxpayers money on people 7000km away that have no contribution to the country’s independence nor contribution to the national treasury.
Yes pls bring back PM Najib. He was a leader that puts Malaysia First and seek to bring Malaysia back to greatness.
Who better to lead a country than a bunch of criminal billionaires, amirite guys?
U’re half-right
Cuz half-way thru
He found new missions
Make Pocket Great Again
Addendum: Also no to leader that spend taxpayers money on himself, wife and son.
So funny having popcorn while rewatch the video meeting up trump to buy boeing plane
When Trump & Najib had a golfing game, that was the greatest moment for Malaysia. Everything after Najib went downhill. We need to bring him back as PM!
Really brother?
Dont make a fool out of yourself or to be exact like a frog under a glass….this guy just grant US1.3b military aid to a country that had no contribution to the national treasury and his country independence.
Also US95m to another country.
1.3b to which country? and 95m to which country?
Trump is also hypocrite, he still giving free money to Israel using US citizen tax money. Never trust US politician
His negotiation tactics for awaiting others to beg him in order to get more advantages, but it seems doesn’t work for this round…hahaha
lol what a joke, he was the one who’s introducing the tariffs and then coming up with a moratorium to make it seem like such a good thing that happened
I guess in the end, Trump will probably get to raise the tariff somewhere in between, which is probably the minimum he aimed for anyway (maximum of course, annexation of some or all territories of Canada). Although at the cost of less trust between them N.American nations.
Donald Duck just shot his left leg. Later what?