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Trump Gives Automakers A Brief Break On Tariffs

  • President Trump has granted automakers a temporary exemption from the 25% tariff on Mexican and Canadian goods for at least a month.
  • The exemption is applicable to vehicles that comply with the criteria set out in the U.S.-Mexico-Canada free trade agreement.
  • However, the one-month exemption period is not long enough for automakers to relocate their supply chains.
  • This temporary relief gives automakers some maneuvering room, but the trade war is still moving forward.

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