Trump gives car manufacturers a single -month tariff to transfer operations from Canada, Mexico for us

President Donald Trump delayed the customs tariff for auto imports from Canada and Mexico for one month after requests from executives of the three adult auto manufacturers – General Motors, Ford, and Stillings – as automated companies will move any external operations to the United States by April 2.

Return, which Politico It was reported for the first time, less than two days after Trump released a 25 % tariff on all goods from the United States’s neighbors, which was previously free of customs duties under A. The Trade Agreement in North America (It is sometimes characterized as NAFTA 2.0) negotiating during his first term. The exemption applies to automotive companies that are compatible with USMCA, for each Wall Street Magazine.

Many auto companies, including the three adults, have complex supply chains and manage many manufacturing facilities in Mexico and Canada. For example, General Motors produce moderation in Chevy in Mexico and Canada, and both the Dodge charger from Ford Lincoln Nutelos are made and the muds of chargers in Ontario. Many car suppliers also have factories in the two countries.

Car prices are already in historical highlands, and the customs duties threaten to send the prices of stickers that rise by up to $ 12,000, According to To Jeff Shot, an older colleague at the Peterson International Economy Institute, which was met by the Detroit Frex Press. This may lead to a lower demand, leaving traders stuck with unimaginable cars.

In a letter to Congress on Tuesday, Trump urged manufacturers to transfer their operations on the beach. White House press secretary Caroline Levitte said in A. surround On Wednesday, Trump expects General Motors, Ford and Tillantis to produce production into the United States before definitions were launched at the end of the month.

Levitte said: “I tell them that they should benefit from it,” Levitte said.

The Ford Jim Farley CEO said in an interview with the investor that the company does not have the extra capacity in its factories to transfer production. Farley pointed out that Ford was able to carry the customs tariff in the short term, but if they continue, they “will blow a hole in the United States industry that we have not seen before.”

During February, nearly half of all new vehicles that were sold in the United States in the United States were built, but 17.4 % of them were built in Mexico, and 7.4 % in Canada, according to Edmunds.com data.

“Since President Trump’s successful USMCA has signed, Ford has invested billions of dollars in the United States and adheres to billions in the future to invest in American workers and ensure all our cars comply with USMCA,” statement From Ford. “We will continue to conduct a healthy and frank dialogue with the administration to help achieve a bright future for our American industry and manufacturing.”

This article was updated with information from the White House press secretary And a statement from Ford.