Trump Backtracks on Tariffs, Exempts Automakers for Another Month

It seemed inevitable from the moment Donald Trump announced his sweeping 25% tariffs on all imports from Mexico and Canada that the carveouts would come. One day into the attempt to inflict pain on seemingly everyone, including his own populus, Trump has issued his first exception: Automakers have managed to lobby for an additional month of tariff-free trade, according to Bloomberg. White House Press Secretary Karoline Leavitt announced that cars coming across the northern and southern border as part of the cleverly named United States–Mexico–Canada Agreement (USMCA), a trade deal that Donald Trump negotiated during his first term but now is largely blowing up, will be exempted through the start of April. “At the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not at an economic disadvantage,” Leavitt said. The move reportedly came after Trump administration officials met with leadership from Ford, General Motors, an ... Read full article.