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Donald Trump has given manufacturers a month -long manufacturers of a month on the prices on imports from Mexico and Canada, in the last last minute policy to Roin Corporate America.
The white house press secretary Karoline Leavitt said that the president spoke with Chrysler and Jeep Stellantis, Ford and General Motors on Wednesday.
Leavitt added that the exemption would apply to cars complying with the terms of the 2020 trade agreement between the United States, Mexico and Canada.
“The president gives them an exemption for a month so that they are not economic disadvantage,” said Leavitt.
The sculpture comes after the markets reacted turbulently at the Trump administration’s tax prices at 25% on imports from Canada and Mexico, and an additional 10% levy on China on Tuesday. At one point, all the post-electoral gains of the S&P 500 were destroyed, before the index resumed the ground.
The prices on Mexico and Canada are considered particularly punitive for the automotive industry due to the complex supply chains that crisscross North America.
Trump’s prices have triggered an escalation of the North American trade war. Canada has responded with steep samples from all American imports. Mexico said he was planning to announce his response on Sunday.
In a sign of the tensions raised by the emerging trade war, the outgoing Prime Minister Justin Trudeau will not raise the reprisal rates of Canada if Washington maintains samples in Ottawa, a main government adviser at the Financial Times told.
Flavio Volpe, the head of the association of car manufacturers in Canada, added that a stay of the industry would not resolve the question for businesses and workers fearing job losses and factories.
He said: “No one can operate under 30 -day threat cycles, including American companies. Proof of this is the fact that it was the American companies that asked for this stay, not Canada or Mexico. »»
Leavitt suggested that more industries would be able to plead in favor of tariffs, saying that Trump was “open to hearing additional exemptions.”
“He always has an open dialogue, and he will always do so. . . What is good, what he believes is suitable for the American people, “she added.
But Leavitt said that Trump’s “reciprocal” rates would still come into force on April 2 as planned.
“He is strongly on this subject, whatever happens, no exemption,” she said. “So it’s where the month comes from.”
Trump told companies “getting there” and starting to move their production in the United States, “said Leavitt. “This is the ultimate goal.”
Earlier Wednesday, US Secretary of Commerce Howard Lutnick said that the president would “examine” the help of certain sectors.
But he reiterated the complaints of the Trump administration that Mexico and Canada failed to suppress the traffic of the fatal fentanyl opioid and suggested that all suspended people could last a month.
The actions of American car manufacturers jumped on Wednesday, with Ford winning 5.1%, GM up 6%and the revenues deposited in US of Stellantis amounted to almost 9%. Other groups have also won, with receipts of Wall Street in the Japan Toyota up 6%.
