The U.S. has exempted cars from Canada and Mexico from duties for a month

US President Donald Trump has postponed the entry into force of 25% duties on cars from Canada and Mexico. This decision was made after negotiations with major automakers Ford Motor Co., General Motors Co. and Stellantis NV.

According to White House spokeswoman Caroline Levitt, the exemption from duties applies to cars under the USMCA agreement. Despite this, the mutual tariffs will still come into force on April 2, but a delay has been granted so that automakers can avoid economic difficulties. 

The market reacted quite optimistically: Stellantis shares rose by 8.1%, GM – by 6%, Ford – by 4.5%. 

Earlier, on March 4, duties of 25% on car imports from Canada and Mexico began to take effect, which caused serious discussions within the industry and the active attention of key players in the automotive market.