President Donald Trump signaled Monday he may temporarily ease auto tariffs to give carmakers time to shift production to the U.S., according to USA TODAY. The proposed exemption would apply to the 25% levies on foreign vehicles and parts, offering potential relief as the industry adjusts.
Trump said automakers using parts from Canada, Mexico, and other countries need time to transition operations. His comments sparked a stock boost for Ford, GM, and Stellantis. The tariffs on parts like transmissions and engines are set to take effect by May 3.
While Trump argues tariffs revive U.S. manufacturing, critics cite the unpredictable nature of his trade policy. Whether exemptions apply to cars, parts, or both remains unclear, adding uncertainty for global markets.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].