US Decides to Exempt Three Major Automakers from Mexico-Canada Tariffs for One Month

Local time on March 5, White House Press Secretary Karoline Leavitt said that US President Donald Trump has decided to grant a one-month tariff exemption to three major automakers, including Ford. The 25% import tariffs on automotive products imported from Mexico and Canada through the United States-Mexico-Canada Agreement (USMCA) will be waived for these companies.

Karoline Leavitt stated that during conversations with Ford Motor, General Motors, and Stellantis Automobiles, the three companies submitted requests for tariff exemptions, and Trump agreed to provide them with a one-month tariff exemption. However, reciprocal tariffs are still scheduled to take effect on April 2.

Previously, on February 1, Trump signed an executive order to impose 25% tariffs on products imported from Mexico and Canada. On February 3, Trump announced a 30-day deferral of the implementation of tariff measures against the two countries while continuing negotiations. On March 3, US President Trump said that the 25% tariffs on Mexican and Canadian goods imposed by the US would take effect on March 4.