Trump exempts some automakers from Canada, Mexico tariffs for 1 month

GM, Ford shares rise on delay; president eyes backtracking on energy imports as well

A General Motors assembly plant in Ontario. The temporary tariff exemption applies to passenger cars for whom 40% of the content is manufactured in Canada or the U.S. © Reuters

March 6, 2025 05:39 JST

WASHINGTON (Reuters) -- U.S. President Donald Trump will exempt automakers from his punishing 25% tariffs on Canada and Mexico for one month as long as they comply with the terms of an existing free trade agreement, the White House said on Wednesday.

Trump is also open to hearing about other products that should be exempted from the tariffs, which took effect Tuesday, the White House said.