Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.

Trump temporarily exempts automakers from tariffs on Canada, Mexico

  • By Al Mayadeen English
  • Source: News websites
  • 6 Mar 2025 09:43
3 Min Read

White House press secretary Karoline Leavitt says the tariff exemption has been granted at the request of several companies to prevent them from facing economic disadvantages.

Listen
  • x
  • Trump temporarily exempts automakers from tariffs on Canada, Mexico
    New General Motors vehicles are parked at the GM Lansing Grand River Assembly plant as the first day of President Donald Trump's 25 percent tariffs on goods from Canada and Mexico goes into effect March 4, 2025, in Lansing, Michigan. (AFP)

US President Donald Trump has temporarily exempted automakers from new tariffs on goods from Canada and Mexico, following warnings of economic disruption.

Trump imposed 25% tariffs on imports from the two largest US trading partners at midnight on Tuesday, sparking concerns over rising consumer prices. Retail giants warned that costs could increase almost immediately, contradicting Trump’s pledge to lower inflation.

However, after speaking with top executives from General Motors, Ford, and Stellantis, Trump approved a one-month exemption for all autos crossing between the US, Canada, and Mexico, White House press secretary Karoline Leavitt announced Wednesday.

Leavitt said the tariff exemption was granted "at the request of the companies" to prevent them from facing economic disadvantages.

Trump has argued that tariffs will strengthen US industry by pushing global firms to build factories domestically. However, Ford CEO Jim Farley previously warned that steep tariffs on Canada and Mexico could severely damage the US auto sector.

Following the exemption announcement, shares in major carmakers surged—GM rose 7.2%, Ford 5.8%, and Stellantis 9%—while the S&P 500 gained 1.1% on Wall Street.

Related News

Majority in EU's big five feel bloc 'sold them out' to US: Poll

Trump foreign investment vows may turn US to state capitalism: Op-ed

A separate call between Trump and Canadian Prime Minister Justin Trudeau failed to yield significant progress. Trump later criticized Trudeau’s "weak border policies" on Truth Social, blaming them for security issues. Trudeau, in turn, publicly rebuked Trump’s tariffs, calling them "a very dumb thing to do."

Addressing Congress on Tuesday, Trump acknowledged the tariffs would cause some disruption but dismissed concerns, saying, "We’re OK with that." He blamed economic challenges on his predecessor, Joe Biden, despite inflation having significantly declined from its peak three years ago.

Economic, international fallout

The tariff escalation has already sparked concerns among major US retailers. Executives from companies such as Target and Best Buy have warned of rising consumer prices, particularly for electronics, furniture, and food products, as many of these goods are heavily imported from affected countries.

Target CEO Brian Cornell has specifically pointed out that fruit and vegetable prices will likely surge, given the high volume of produce sourced from Mexico.

Additionally, the automotive industry is bracing for higher production costs, potentially leading to increased vehicle prices for American consumers. Economic analysts from the Trade Foundation predict that these tariffs could reduce US GDP by 0.3%, with ripple effects throughout multiple industries, as reported by the NY Post.

Internationally, the response has been swift. Canada has announced retaliatory tariffs on $155 billion worth of US goods, while China is preparing to impose additional duties on key American agricultural exports, including pork, soy, and beef.

Read more: Trump offers tariff exemptions to firms relocating to US

  • US tariffs
  • United States
  • tariffs
  • Canada
  • US
  • Mexico
  • Donald Trump

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Elon Musk attends a news conference with President Donald Trump in the Oval Office of the White House, Friday, May 30, 2025, in Washington (AP)
Politics

Elon Musk calls for dissolving UK parliament at London far-right rally

Israeli media: US betrayed Qatar, gave green light for attack on Hamas
Politics

Israeli media: US betrayed Qatar, gave green light for attack on Hamas

Leaked memo shows Trump eyeing Louisiana National Guard plan
Politics

Leaked memo shows Trump eyeing Louisiana National Guard plan

Mamdani vows to arrest Netanyahu if elected New York mayor
Politics

Mamdani vows to arrest Netanyahu if elected New York mayor

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS