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Ford, Stellantis, General Motors gets 1-month tariff on Trump: White House

ford vehicles ford vehicles

“Big Troika” automakers receive one -month release from Trump administration Tariffs that have entered into force On Monday, the White House press -secretary Carolina Levit announced on Wednesday.

“We talked to Big Trokes of Automers“Livit confirmed.

“Mutual tariffs will still come into force on April 2, but at the request of USMCA companies, the president gives them a one -month release so that they are not in an economic shortage,” Levit said.

She told reporters that Stellantis, Ford and General Motors were companies that Trump was talking to.

“They asked for a call. They made the question, and the President of the Council to do it,” Levit added. “This is one month’s release.”

Trump signs a mutual tariff plan: economists weigh how it can work

Ford vehicles

Ford Mach-EV cars see in the dealership in Richmond, California, Monday, March 3. (David Paul Morris / Bloomberg via Getty Images / Getty Images)

The US-Mexico Canadian agreement was signed during Trump’s first term.

Ticket Safety Last Variation Change %
F Ford Motor Co. 9.60 +0.47

+5.15%

Gm General Motors Co. 48.54 +3.33

+7.35%

Stla Stellantis NV 12.87 +1.06

+9.03%

In mid -February, Trump signed an executive order by introducing mutual tariffs for US trading partners, effectively raising import duties to comply with those charged with America’s export.

Trump tells Trudo Fentonil repression “insufficient” to avoid tariffs

President Donald Trump talks to journalists

On April 2, the Trump administration imposes mutual tariffs. (Reuters / Nathan Howard / Reuters)

Trump’s administration seeks to complete its review of trade by April 1 and plans to focus on what it calls the most “outrageous” questions, including with big trading countries with the US and the highest tariffs for US goods.

The president’s tariffs will comply with the increase in the tariff rates of other countries and send to the confrontation of other trade barriers, such as the rules of burdened, the value added taxes, state subsidies and exchange policies, as well as negotiate with some countries to reduce these barriers.

The Stellantis plant sees in Dandy, Michigan

On August 18, 2022, the engines were raised in the engine of Stellantis Dundy, Michigan, is one of the companies that asked for a call with Trump for mutual tariffs, Leavitt reports. (Bill Pulyena / Getti Image / Getty Images)

Click here to read more about Fox Business

Critics say tariffs can increase US consumers. Trump’s White House views tariffs as a tool for use of economic and foreign policy as well as to return companies to the US

Eric Revel, Louis Cassian, Hillary Won and Reuters, contributed to this report.

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2025-03-05 19:20:00

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