The automotive industry will be excluded for a month from the duties imposed by President Donald Trump on products imported from Canada and Mexico, the White House announced. The postponement is given to avoid “financial losses” for US manufacturers, White House spokesman Caroline Livit said when reporting reporters. “We spoke with three large manufacturers, we will grant them an exception to one month for the vehicles imported under the Free Trade Agreement. The President (Trump) granted them this exception so that they would not suffer financial damage, “Livit said. “Open” Trump the spokesman noted that Trump is “open” to hear arguments for other tariff exemptions. Earlier today, the US president spoke with CEOs and Presidents of the GM, Ford and Stelantis. His decision to exclude cars from the duties was announced by the Minister of Commerce Howard Lutnik, in an interview with the conservative television network FOX […]
Source: News Beast
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