The United States is considering a one-month extension of auto tariffs on Canada and Mexico
2025-03-05 17:59:51
The Trump administration is considering a one-month delay to the Canadian and Mexican auto tariffs, according to people familiar with the matter. Administration officials met Tuesday with the heads of Ford Motor (F. N), General Motors (GM. N) and Stellantis (STLA. N) to discuss the matter. Another meeting on possible tariff relief is set to take place at the White House on Wednesday. Major Detroit automakers have been actively seeking to halt or modify Tron's tariff policy, which they fear could have a disastrous impact. Automakers and experts have warned that imposing a 25 percent tariff on neighboring countries would lead to higher costs, almost immediately raise car prices by thousands of dollars, and paralyze supply chains.
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