Donald Trump is giving some relief from the 25 percent tariffs imposed on Mexico and Canada for the auto industry, agreeing to a one-month exemption for the sector. Commerce Secretary Howard Lutnick teased the exemption in interviews on Wednesday.
GM Korea reportedly held a meeting with government officials to discuss responses to the Donald Trump administration's plan to impose auto tariffs.
President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers. The announcement comes after Trump spoke with leaders of the “big 3” automakers,
Donald Trump lashed out at Canadian Prime Minister Justin Trudeau on Truth Social over claims he's using the tariff war to "stay in power". He wrote: "Justin Trudeau, of Canada, called me to ask what could be done about Tariffs.