In air terms, brand new Subaru cars are sitting on a plot in the Auto Warehouse Co. March 4, 2025 in Richmond, California.
Justin Sullivan | Getty Images
The White House on Wednesday announced one -month exemption from North American tariffs for car manufacturers after the president Donald Trump talked the day earlier with the heads General Motors,, Ford engine and Stellantis.
The car manufacturers invited Trump to renounce 25% of tariffs to Mexico and Canada to vehicles that are in accordance with trade rules on the origin of the United States Agreement-Mexico-Kanada.
“The reciprocal tariffs will continue to take effect on April 2, but at the request of the company related to USMac, the president gives them an exemption for a month, so they are not in economic lack,” she said on behalf of Trump on behalf of Trump.
The US Automobile Policy Council, a trade group that represented car manufacturers in Detroit, applauded Trump’s decision “admitting that vehicles and parts that meet the high -level USM -and -E -E tariffs.”
Leavitt said the president was “open” to hearing the request of other industries seeking exemption.
Leavitt also confirmed that car manufacturers in Detroit “BIG 3” asked for a call on Tuesday with Trump, who mentioned it during his address to Congress later during the day.
Two sources on Wednesday confirmed by CNBC that the GM CEO was executive Mary BarraStellantis Chairman John Elkann, Ford CEO Jim Farley and Ford Bill Ford chairman participated in the invitation.
The White House announced that she approved a one-month delay for tariffs on car manufacturers whose cars were in line with USMCA, which was negotiated under Trump’s first term in the office.
GM, Ford and Stellantis stock
The shares of GM, Ford and Stellantis were especially followed by the announcement. Stellantis closed on Wednesday by 9.2%, after which the GM increase is 7.2%and Ford is higher by 5.8%.
It was not immediately clear whether only the vehicles would be exempted or the car parts would be included.
It is also unclear how if any input Tesla Executive director Elon Musk had tariffs or delay. After the Trump campaign, Musk was one of his closest advisers and an almost constant presence beside himself.
The exemption allows for additional preparation and discussion between the White House and the car industry on tariffs. Also more closely in line with the potential tariffs of the vehicle on Imports outside North America.
Trump said earlier that these tariffs would be confirmed on April 2, in the pressure that car manufacturers would invest more in the US to produce vehicles.
“We will have growth in auto industry as no one has ever seen,” Trump said on Tuesday night before a A common session of Congress. “It’s a combination of electoral victory and tariff.”
Trump has mistakenly published a “new” herbal investment in Indiana for Honda engine During his speech on Tuesday night. The company manages a large installation plant in the country but its The latest major investment They were in Ohi.
President Donald J Trump addresses a joint session of the Congress as Vice-President of JD Vance and the speaker of the house Mike Johnson (R-La), listening on Tuesday, March 04, 2025 in Washington, DC.
Jabin Botsford | Washington Post | Getty Images
Honda thanked the president on Wednesday for admitting the company, but confirmed that “she did not publish plans for the new factory in the US at the moment.”
“In just three years, we have invested more than $ 3 billion in advanced vehicle production in America, with a cumulative total of more than $ 24.7 billion,” Honda said in a statement. “We look forward to keeping in place locally and making quality products in America, as Honda has been doing for the last 45 years.”
The US Automobile Policy Council earlier this week claimed that the vehicles and parts that meet the USMCA requirements should be exempt from the rates of tariffs.
She was a great concern among car heads and experts to eat the prolonged tariffs quickly in the profit and production plans of the company.
The managers with the French Forvia car supplier on Wednesday said that the company and its customers, including car manufacturers, plan different plans for random situations for tariffs. This included working with customers to reach parts agreements as 25% of tariffs entered into force on Tuesday.
“The entire supply chain cannot swallow 25%,” said Forvia Executive Martin Fischer during the media event. “Cars will get more expensive for consumers if the tariffs continue for a long time.”
S&P Global Mobility on Tuesday envisaged approximately one -third of vehicle production in North America Cut by next week because of 25% tariff.
Data and forecasts report on average 25 car manufacturers produce 63,900 light passenger vehicles in North America per day. Most of these, approximately 65%, were gathered in the US, followed by 27% in Mexico and 8% in Canada.
