President Donald Trump granted U.S. automakers who adjust to the United States-Mexico-Canada Settlement a one-month tariff exemption, the White Home stated Wednesday.
Large Three automaker Stellantis is thanking the Trump administration for giving it a one-month exemption from the 25% tariffs on Canada and Mexico that went into impact this week, saying that “We share the President’s objective to build more American cars.”
“We thank President Trump for the decision,” Stellantis stated in an announcement Thursday, in keeping with Reuters.
“We share the President’s objective to build more American cars and create lasting American jobs,” it added. “We look forward to working with him and his team.”
White Home press secretary Karoline Leavitt introduced Wednesday that U.S. automakers who adjust to the United States-Mexico-Canada Settlement (USMCA) are getting a one-month exemption from the Trump administration’s tariffs.
AUTOMAKERS GET 1-MONTH TARIFF EXEMPTION: WHITE HOUSE
Employees transport Chrysler minivans on the Stellantis Windsor Meeting Plant in Windsor, Ontario, Canada, on Jan. 31. (Geoff Robins/AFP by way of Getty Pictures / Getty Pictures)
“We spoke with the Big Three automakers,” Leavitt confirmed. “We are going to give a one-month exemption on any autos coming through USMCA.”
“Reciprocal tariffs will still go into effect on April 2, but at the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not at an economic disadvantage,” Leavitt stated.
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She advised reporters that Stellantis, Ford and Common Motors have been the businesses Trump spoke with.
“They requested the call. They made the ask and the president is happy to do it,” Leavitt added. “It’s a one-month exemption.”
ONE OF THE COUNTRY’S LARGEST LABOR UNIONS THAT ENDORSED KAMALA HARRIS PRAISES TRUMP TARIFFS
A drone view of Stellantis’s Chrysler Windsor Meeting facility in Windsor, Ontario, Canada, on Feb. 4. (Reuters/Carlos Osorio / Reuters)
Stellantis operates amenities in Mexico and Canada and imports round 40% of the autos it sells within the U.S. from these nations, Reuters reported, citing analyst estimates.
It added that Stellantis introduced investments in its U.S. operations at the beginning of Trump’s second time period and quoted the corporate as saying that it strongly helps the president’s “determination to enable the American automotive sector to thrive”.
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“Stellantis has committed to build the next generation Dodge Durango at the Detroit Assembly Complex,” the United Auto Employees union stated in late January, including that the corporate additionally plans to reopen its Belvidere Meeting Plant in Illinois in 2027 and construct a brand new midsize truck there.
