President Donald Trump has decided to delay a portion of the 25 percent tariffs he recently imposed on Canada and Mexico for one month at the request of automakers, the White House said Wednesday.
“We spoke with the big three auto dealers,” White House spokesperson Karoline Leavitt told reporters. “We are going to give a one-month exemption on any autos coming through [the U.S.-Mexico-Canada Agreement.”
Auto trade between the United States, Canada and Mexico accounts for a large share of U.S. trade with those countries, which totaled $1.6 trillion last year. U.S. auto trade with its neighbors totaled about $345 billion, including $120 billion with Canada and $225 billion with Mexico.
Many of the autos and auto parts made in Canada and Mexico enter the United States duty-free under the U.S.-Mexico-Canada Agreement trade pact.
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