The US Granted Canada and Mexico a One-Month Privilege
World
The US has exempted cars imported from Canada and Mexico from customs duties for one month. The White House postponed the implementation of a 25% tariff on vehicles imported from Canada and Mexico. This decision was made after negotiations with major automobile manufacturers Ford, General Motors, and Stellantis.
The Trump administration made this decision following discussions with major automakers Ford, General Motors, and Stellantis. According to Leavitt, President Trump granted companies a one-month delay "to prevent them from suffering economic losses." White House Press Secretary Caroline Leavitt announced this on Wednesday, March 5.
"We will grant a one-month exemption for all vehicles imported under the USMCA," Leavitt stated. USMCA is the United States-Mexico-Canada Agreement on free trade, signed during Trump's first presidential term.
As of Tuesday, March 4, a 25% customs duty was imposed on almost all imports from Canada and Mexico in the US. These measures took effect just hours after President Donald Trump's announcement. He stated that these countries had not taken sufficient steps to halt the flow of drugs into the US, particularly the opioid fentanyl.
The White House's decision has led to "new trade conflicts with the US's largest partners," according to reports. Canadian Prime Minister Justin Trudeau announced retaliatory tariffs on American goods, while Mexican President Claudia Sheinbaum also promised to respond to Washington with "tariff and non-tariff measures."
"We will grant a one-month exemption for all vehicles imported under the USMCA," Leavitt stated. USMCA is the United States-Mexico-Canada Agreement on free trade, signed during Trump's first presidential term.
As of Tuesday, March 4, a 25% customs duty was imposed on almost all imports from Canada and Mexico in the US. These measures took effect just hours after President Donald Trump's announcement. He stated that these countries had not taken sufficient steps to halt the flow of drugs into the US, particularly the opioid fentanyl.
The White House's decision has led to "new trade conflicts with the US's largest partners," according to reports. Canadian Prime Minister Justin Trudeau announced retaliatory tariffs on American goods, while Mexican President Claudia Sheinbaum also promised to respond to Washington with "tariff and non-tariff measures."
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