The US president revised the 25% tariffs on goods from Canada and Mexico a day after implementing them. Meanwhile, Canada filed a WTO complaint against the new US tariffs.
Donald Trump says he will grant a one-month exemption for US automakers from new tariffs on imports from Mexico and Canada.
The US president’s 25% tariffs on all imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%.
The White House, however, said on Wednesday that after talks with Ford, General Motors, and Stellantis, Trump will allow a one-month exemption from tariffs on auto imports from the neighboring countries.
Tariffs create significant challenges for North American automakers.
They build vehicles in all three countries and often move parts across international borders several times while assembling them into systems and finished vehicles.
