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While President Trump plans to institute tariffs at the beginning of April, he has offered three major automakers a month delay.

From Fox Business. U.S. automakers who comply with the United States-Mexico-Canada Agreement (USMCA) are getting a one-month exemption from the Trump administration’s tariffs that went into effect Tuesday, White House press secretary Karoline Leavitt announced Wednesday.

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“We spoke with the Big Three automakers,” Leavitt confirmed. “We are going to give a one-month exemption on any autos coming through USMCA.”

“Reciprocal tariffs will still go into effect on April 2, but 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.

She told reporters that Stellantis, Ford and General Motors were the companies Trump spoke with.  …

In mid-February, Trump signed an executive order imposing reciprocal tariffs on U.S. trading partners, effectively raising duties on imports to match those levied on America’s exports. …

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(Excerpt from Fox Business. Photo Credit: Yunus Yildiz on Unsplash)