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Donald Trump presented the car manufacturers in the last minute of politicians to Roil Corporate America a one -month tightening of the tariffs for imports from Mexico and Canada.
The Press spokesman for the White House, Karoline Leavitt, said that the President spoke to Chrysler and Jeep Maker Stellantis, Ford and General Motors on Wednesday.
Leavitt added that the exception for cars would apply that comply with the conditions of the 2020 trade agreement between the USA, Mexico and Canada.
“The president gives them an exception for a month, so they are not in the economic disadvantage,” said Leavitt.
The carve-out takes place after the markets were turbisted to impose 25 percent of the Trump government’s tariffs for imports from Canada and Mexico and a further delivery of 10 percent for China on Tuesday. At one point all S&P 500 After the election, profits were wiped outbefore the index has returned on the floor.
The tariffs in Mexico and Canada are considered particularly punishable due to the complex supply chains that North America crossed.
Trump’s tariffs have triggered an escalating North American trade war. Canada reacted to all US imports with her own taxes. Mexico said it plans to announce his answer on Sunday.
In a sign of the tensions that are raised by the beginning of the trade war, the outgoing Prime Minister Justin Trudeau will not increase the retaliation tariffs of Canada if Washington maintains taxes for Ottawa, said a high -ranking advisor to the government consultant at Financial Times.
Flavio Volpe, the head of the Canadian manufacturer’s association of automotive parts, added that a monthly reparation of the industry would not solve the matter for companies and employees who are afraid of loss of work and plant closures.
He said: “Nobody can operate under 30-day threat cycles, including American companies. The proof of this is the fact that it was American companies that requested this reparation not Canada or Mexico. “
Leavitt suggested that more industries would be able to beat out the tariffs for the tariffs, and said Trump was “open to additional exceptions”.
“He always has an open dialogue and he will always do it. . . What is right, what he believes is right for the American people, ”she added.
But Leavitt said Trump’s “mutual” tariffs would still come into force on April 2, as planned.
“He feels strong, no matter what happens, no liberation,” she said. “So the place comes from one month.”
Trump had told the companies that they would get involved and started moving their production to the USA, said Leavitt. “That is the ultimate goal.”
On Wednesday, the US trade secretary Howard Lutnick said on Wednesday that the president would “consider the relief for certain sectors”.
But he confirmed the complaints of the Trump government that Mexico and Canada had not managed to capture the trade with the fatal opioid fenanyl, and suggested that a break could only take a month.
The stocks of the US automobile manufacturers jumped up on Wednesday, with Ford 5.1 percent, GM 6 percent and the US revenue of Stellantis rose by almost 9 percent. Other groups also obtained, with the depot receipts listed in Japan 6 percent listed in Japan.
