U.S. President Donald Trump has granted the Big 3 automakers(GM, Ford, and Stellantis) a 30-day tariff exemption.
The announcement was made during a White House media briefing after a meeting between the companies and Trump on Wednesday.
"We spoke with the Big 3 auto dealers. We are going to give a one-month exemption on any autos coming through USMCA. Recipricol tariffs will still go into effect on April 2, but at the request of the companies associated with USMCA the president is giving them an exemption for one month so that they are not at an economic disadvantage," Trump said in a statement read by Press Secretary Karoline Leavitt.
Trump is encouraging the automakers to shift production to the United States.
"He told them that they should get on it, start investing, start moving, shift production here to the United States of America where they will pay no tariff," said Leavitt.
-more to come-