Automotive companies win one-month tariff exemption - leatherbiz: Lead Leatherbiz

News

Automotive companies win one-month tariff exemption

06/03/2025

Car manufacturers have won a one-month exemption from 25% import tariffs on products entering the US from Canada and Mexico.

US president, Donald Trump, announced the exemption on March 5, one day after the tariffs came into force.

The White House said automotive groups Ford, Stellantis and General Motors had asked for the exemption because, on the back of free trade agreements that have been in place in North America since 1994, they have built supply chains that connect Canada, the US and Mexico.

 


Related stories:

Beef features in tariff thinking 03/04/2025
Liberation Day likely to tie the world up in new trade war 03/04/2025
ACEA: Tariffs will hurt automakers and US manufacturing 01/04/2025
Trump’s latest tariffs rock automotive sector 27/03/2025
Tariff reprieve for Canada too, for now 07/03/2025
Tense start for new ‘Shoes From Mexico’ label 06/03/2025
Tense start for new ‘Shoes From Mexico’ label 06/03/2025
Immediate response to tariffs from Canada, Mexico delays until Sunday 05/03/2025
Disappointment at USMEF over tariff imposition 05/03/2025
German car industry urges caution on US tariffs 26/02/2025

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.