President Trump has temporarily exempted automakers from a 25% tariff on imports from Mexico and Canada for at least one month, as announced by the White House. This decision, made following discussions with major manufacturers like Stellantis, Ford, and GM, applies to vehicles meeting specific criteria under the U.S.-Mexico-Canada trade agreement. However, the one-month period is deemed insufficient for automakers to adjust their supply chains, which typically requires a longer time frame, as any relocation of manufacturing operations would realistically take up to two years.
The reality is that a month is nowhere near enough time for automakers to relocate factories or reconfigure supply chains.
This exemption covers vehicles that fully comply with the existing U.S.-Mexico-Canada free trade agreement, which requires 75% content from North America.
Collection
[
|
...
]