After a conversation with Justin Trudeau, Canada Prime Minister Donald
But after pressure from the American automotive industry, Trump decided to exempt
“Reciprocal tariffs will still come into force on April 2. But at the request of the USMCA-associated companies, the president will give a one-month exemption so as not to be on an economic disadvantage, ”said White House spokesman Karoline Leavitt.
The alliance for automotive innovation, which represents the main US automakers, pointed out that the collection would be able to stop the integrated supply chain throughout North America.
Companies complained about 25% tariffs applied by Trump that, if applied, would raise prices and make immediate impact on vehicle availability.
The vast majority of cars produced in the United States have parts from Canada or Mexico. In addition, almost 40% of cars sold by some companies are mounted on Mexican or Canadian lands.
The temporary retreat brought partial relief to the financial market. Even so, investors still operate in “extreme caution” in the face of the White House decisions.
Global perception is also of distrust, with the predominant bet that the country’s economy will grow less than expected.
In a fifty -minute call with Canada Justin Trudeau, Trump closed the door to other tariff reliefs to the neighboring country. According to the American, the country’s attitudes have not yet been enough to avoid the entry of the fentanyl drug in the United States.
The Canadian Prime Minister said, in turn, that it is open to reducing or removing tariffs applied to products from the United States. But he stressed that he would only take this attitude if Trump does the same.
In a speech to the United States Congress, Trump had already climbed the tone over the use of fees. The Republican admitted that they will generate a “little discomfort.”
But stressed that the reciprocal rates that go
“Other countries have used fares against us for decades, and now it’s our turn to start using them against these other countries. And numerous other nations charge us tremendously higher rates than we charge them. It’s very unfair, ”Trump told congressmen.
