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Trump grants automakers one-month exemption from tariffs - TL;DR CNBC

Trump grants automakers one-month exemption from tariffs

Publishing timestamp: 2025-03-05 18:44:40


Summary

The White House granted a one-month delay for tariffs on automakers whose cars comply with USMCA rules, following a request from automakers. The exemption includes automotive parts and accessories as well. Shares of GM, Ford, and Stellantis went up after the announcement. Honda clarified that they did not announce plans for a new plant in the US, despite Trump's mention in his speech. There is concern among automotive executives about the impact of prolonged tariffs on profits and production plans.


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Tickers: TSLAFSTLAHMCGM

Keywords: tariffford motor coautosdonald trumpcanadaforeign policyjohn elkannunited statesbreaking news: politicsgeneral motors copoliticsmexicodonald j. trumptransportationmary barratesla inchonda motor co ltdstellantis nvbusiness newsbreaking news: marketsbreaking news: business

Source: https://www.cnbc.com/2025/03/05/trump-grants-automakers-one-month-exemption-from-tariffs.html


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