After a phone call with representatives of the carmaker Chrysler, Stellantis,, ford and General Motors Has US President Donald Trump (78) Under certain conditions, a one -month postponement of the tariffs on imports from Mexico and Canada granted. The president spoke to the manufacturers of Chrysler and Jeep, Stellantis, Ford and General Motors on Wednesday, explained the press spokeswoman for the White House, Karoline Leavitt, on Wednesday. “The president grants you an exception for a month so that you do not get into economic difficulties.”
She emphasized that the exemption only applies to cars that are the conditions of the trade agreement USMCA
Between the USA, Correspond to Mexico and Canada. Among other things, these provide for a certain percentage in North America. The exception was after the markets had reacted to Trump’s customs announcements with significant losses. And had contacted the US car manufacturer with Trump.
Even before the new tariffs would be effective, the American carmakers Ford, GM and Stellantis had had a massive criticism of Trump’s customs plans that, according to experts, could drive up to $ 10,000 in the prices for individual vehicles
Vehicles and parts that met the strict requirements of the USMCA to the domestic and regional share were to be excluded from the customs increase, the carmakers recently demanded about their advocacy of the American Automotive Policy Council (AAPC). After all, they would have invested billions of dollars to meet the requirements provided for in the trade agreement.
Customs that raised the costs for the construction of vehicles in the USA and inhibited investments in American labor, undermined the competitiveness of the member companies, the AAPC complained. While competitors from outside of North America “benefited from simple access to our home market”.
Shareholders initially reacted to a relief: GM stocks climbed by 7.2 percent by 5.8 percent by Ford until the US trade closes.
How does Canada react?
However, the tariffs on cars are not yet off the table: like Canada, which had imposed on US goods in response to Trump’s tariffs, will react to the postponement is still unclear. The “Financial Times
“Quoted a government advisor on Wednesday who said that Ottawa, in the event that tariffs remained in Canadian goods, were sticking to his counter -tariffs.
Apparently, in view of the massive market reactions, Trump is also ready for other deals, as his spokeswoman showed through. Trump wanted to stick to the counter -tariffs announced for April 2, it said.