Posted on 03/05/2025 12:53:01 PM PST by E. Pluribus Unum
President Trump said on Wednesday he would pause tariffs on cars coming into America from Canada and Mexico for a period of one month, after a 25 percent tariff that he placed on America’s closest trading partners a day earlier roiled stock markets and caused pushback from industry.
Karoline Leavitt, the White House press secretary, read a statement from Mr. Trump saying that White House had spoken with the three largest auto makers, and that a one-month exemption would be given to cars coming in through United States-Mexico-Canada Agreement.
Additional trade-related tariffs that may affect the auto industry will still go into effect on April 2, Ms. Leavitt said. But “at the request of the companies associated with U.S.M.C.A., the president is giving them an exemption for one month so they are not at an economic disadvantage,” the statement said. The three automakers that Mr. Trump spoke with were General Motors, Ford Motor and Stellantis.
Asked why Mr. Trump granted only a one-month reprieve, Ms. Leavitt said the president expected the automakers to move production back to the United States. The message, she said was to “get on it, shift production here to America where they will pay no tariffs,” she said.
The president declined to offer a broader reprieve to Canada, despite overtures by Prime Minister Justin Trudeau. Mr. Trump wrote on social media that he had talked with Mr. Trudeau and was still not convinced that Canada had done enough to stop the flow of fentanyl over the border.
On Truth Social, Mr. Trump wrote that he had told Mr. Trudeau that “many people have died from Fentanyl that came through the Borders of Canada and Mexico, and nothing has convinced me that it has stopped.”
The president added: “He said that it’s gotten better, but I said,...
(Excerpt) Read more at nytimes.com ...
Works for me.
In the auto industry you can’t move anything “back” in one month, the time line in most cases for whole car production moving is in years, not months. A general reciprocal tariff approach (as in we will have import taxes that are reciprocal to yours) would be a better approach.
At some point with tariffs Trump is going to have start thinking about 2026 midterm elections. So much auto production is in the midwest and the GOP will not keep a House majority without it.
You can not move this in a month. Trump knows this and Mexico and Canada know this. This is simply a negotiating tactic of Trump. When they engage in true fair trade these tariffs will probably not happen. If concessions are not made, it sure as hell will happen.
Canada has a 270% tariff on milk from US dairy farmers.
That’s BS.
Funny, I have never heard our fake news corrupt media mention any of those Canadian tariffs.
We were supposed to have more access to the Canadian market according to the USMCA.
But Trudeau refused to do what he was expected to do according to the agreement.
Trump decided to troll Trudeau.
But we could have pulled out of the agreement without having to troll Trudeau.
So he is just teasing Canada again? What is the point of a 1 month reprieve when we know next month they will be applied again.
Yes but you have to understand that Canada has inflicted supply management on its citizens for a long time. It is a decades old policy to “protect” the dairy industry. We suffer as consumers as our dairy products are ridiculously expensive.
So you want Canada to roll back almost a century old policy of what is basically price floors on Canadian dairy? I would love it to happen but it is not going to happen.
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