Trump Delays Tariffs to Automakers from Canada and Mexico for One Month
The White House announced Wednesday that President Donald Trump has granted automakers a one-month exemption from his 25% tariffs on Canada and Mexico, provided they comply with existing free trade rules. This temporary relief halted Wall Street's steepest decline in nearly three months. The administration is also considering exemptions for other products from the tariffs that took effect Tuesday. However, Trump emphasized he is not ending his trade pressure campaign against both countries, which he says is aimed at reducing fentanyl smuggling. Following a conversation with Canadian Prime Minister Justin Trudeau, Trump stated on Truth Social: "He said that it's gotten better, but I said, 'That's not good enough.' The call ended in a 'somewhat' friendly manner!" Public data shows just 0.2% of fentanyl seized in the U.S. comes from Canada, with the majority entering through the southern border. A […]
