President Donald Trump granted Stellantis, Ford and General Motors a month’s price exemption from the White House to Stellantis, Ford and General Motors.
American car manufacturers who comply with the agreement of the United States-Mexico-Canota (USMCA) benefit from a month’s exemption from the Trump administration Prices that have entered into force On Monday, the White House press secretary Karoline Leavitt announced on Wednesday.
“We talked to the Big three car manufacturers“Confirmed Leavitt.” We will give an exemption of one month on any USMCA auto. “”
“Reciprocal prices will still come into force on April 2, but at the request of the companies associated with the USMCA, the president gives them an exemption for a month so that they are not economic disadvantage,” said Leavitt.
She told journalists that Stellantis, Ford and General Motors were the companies with which Trump spoke.
“They asked for the call. They made the request and the president is happy to do so,” added Leavitt. “It’s a one -month exemption.”
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Ford Mach-EV vehicles are seen with a dealer in Richmond, California on Monday. (David Paul Morris / Bloomberg via Getty Images / Getty Images)
The USMCA was signed during Trump’s first term.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| F | Ford Motor Co. | 9.65 | +0.52 |
+ 5.70% |
| GM | General Motors CO. | 48.45 | +3.23 |
+ 7.15% |
| Stla | Stellantis NV | 12.89 | +1.09 |
+ 9.28% |
In mid-February, Trump signed an executive decree imposing reciprocal rates on American trade partners, effectively increasing imports on imports to equal American exports.
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The Trump administration is expected to impose reciprocal prices on April 2. (Reuters / Nathan Howard / Reuters)
The Trump administration aims to complete its commercial examination by April 1 and plans to target what it calls the most “flagrant” problems, including countries with large trade surpluses with the United States and the highest tariff rate on American goods.
The president’s prices were rates higher by other countries and would aim to counter other trade obstacles such as heavy regulations, value added taxes, government grants and exchange rate policies and negotiate with certain countries to reduce these obstacles.
The engines are lifted at the Stellantis Dundee Engine Complex in Dundee, Michigan, August 18, 2022. (Images Bill Pugliano / Getty / Getty Images)
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Critics say that prices could increase the prices of American consumers. Trump’s White House considers prices as a lever tool in economic and foreign policy negotiations and to bring businesses to the United States
Eric Revell, Louis Casiano and Hillary Vaughn and Reuters contributed to this report.
