Trump gives one-month reprieve on Canada & Mexico auto tariffs

President Donald Trump's decision to grant a one-month exemption to the Big Three Automakers (Ford, GM & Stellantis) is something of a disappointment given the earlier heavy hints from his Commerce Secretary Howard Lutnick that more widespread relief was coming from the 25% tariffs recently imposed on imports from Canada and Mexico. Autos account for 12% of US imports from Canada and 27% of imports from Mexico, although those figures are for all manufacturers, not just the Big Three domestic firms.