Trump Grants Automakers 1-Month Exemption from Tariffs – RVBusiness – Breaking RV Industry News
The White House on Wednesday (March 5) announced a one-month North American tariff exemption for automakers after President Donald Trump spoke a day earlier with heads of General Motors, Ford Motor and Stellantis, according to a CNBC report.
Automakers have urged Trump to waive 25% tariffs on Mexico and Canada on vehicles that comply with the United States-Mexico-Canada Agreement’s trade rules of origin.
“Reciprocal tariffs will still go into effect on April 2, but at the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not at an economic disadvantage,” Press Secretary Karoline Leavitt said on behalf of Trump.
The American Automotive Policy Council, a trade group representing the “Big 3” Detroit automakers, applauded Trump’s decision “recognizing that vehicles and parts that meet the high US and regional USMCA content requirements should be exempt from these tariffs.”
Leavitt said the president is “open” to hearing requests from other industries seeking exemptions as well.
Click here to read the full CNBC report.
