In the air view, completely new Subaru cars are sitting on the storage plot in Auto Warehouse Co. March 4, 2025 in Richmond, California.
Justin Sullivan Getty images
The White House on Wednesday announced a monthly exemption from the northern tariff for car manufacturers for the president Donald Trump He spoke the day before with his heads General MotorsIN Ford engine AND Stellantis.
Automaks called Trump to waive 25% tariffs to Mexico and Canada for vehicles that are in line with the commercial principles of the United States-Music-Tanada.
“Mutual tariffs will continue to enter into force on April 2, but at the request of companies related to Usmca, the president gives them a dismissal for one month, so they are not in an adverse economic situation,” said press secretary Karoline Leavitt on behalf of Trump.
American Automotive Policy Council, a trading group representing the car manufacturer from Detroit “Big 3”, applauded Trump's decision “recognizing that vehicles and parts that meet the requirements of the content with high and regional and regional content of USMCA should be exempt from these tariffs.”
Leavitt said that the president is “open” for applications for interrogation of other industries seeking releases.
Leavitt also confirmed that car manufacturers from Detroit “Big 3” asked on Tuesday a connection with Trump, who mentioned it during his speech to Congress later on the same day.
Two sources on Wednesday confirmed CNBC that CEO GM Mary BarraThe chairman of Stellantis, John Elkann, general director of Ford Jim Farley and chairman of Ford Bill Ford, participated in the conversation.
The White House said that it gave a monthly delay of tariffs for car manufacturers whose cars are in line with usmca, i.e. negotiated in the first term of Trump in the office.
GM, Ford and Stellantis Stocks
GM, Ford and Stellantis shares were in particular after the announcement. Stellantis closed on Wednesday by 9.2%, and then GM increased by 7.2%, and Ford higher by 5.8%.
The White House confirmed on Thursday that one -month release includes automotive parts, accessories and other suppliers' products in addition to completed vehicles.
It is not clear if any input data Tesla CEO Elon Musk had on tariffs or delay. After the campaign for Trump, Musk was one of his closest advisers and almost permanent presence at his side.
The release allows for additional preparation and discussions between the White House and the automotive industry about tariffs. It is also close to the potential tariffs of the vehicle Imports from outside North America.
Trump said earlier that these tariffs would be confirmed on April 2, on the manufacturer's manufacturer's day to invest in the US in vehicle production.
“We will increase in the automotive industry, as no one has ever seen,” said Trump on Tuesday evening before Congress joint session. “This is a combination of winning elections and tariffs.”
Trump incorrectly advertised a “new” plant investment in Indiana Honda Motor During a speech on Tuesday evening. The company runs a large assembly plant, but her The latest large investments They were in Ohio.
President Donald J Trump turns to the joint session of the Congress as the vice president of JD Vance and the marshal of the house Mike Johnson (R-la) listens in the home chamber of the Capitol building on Tuesday, March 4, 2025 in Washington.
Jabin Botsford The Washington Post | Getty images
On Wednesday, Honda thanked the president for recognizing the company, but confirmed that “he did not announce the plans of the new plant in the USA.”
“Over the past three years, we have invested over $ 3 billion in advanced vehicle production in America, with a total number of over $ 24.7 billion,” said Honda We -Mail. “We are looking forward to investing locally and building high -quality products in America, just like Honda has been doing for 45 years.”
At the beginning of this week, the American Council of Policy Automotive argued that vehicles and parts that meet the requirements of Usmca should be released from tariff growth.
Among the management and automotive experts there were serious fears that the extended tariffs would quickly eat company profits and production plans.
The management with the French provider of Forvia car on Wednesday stated that the company and its customers, including car manufacturers, are planning various emergency plans for tariffs. This included cooperation with clients in order to achieve partial contracts, because 25% of tariffs came on Tuesday.
“The entire supply chain cannot swallow 25%,” said Martin Fischer, General Director of Forvia during the media event. “Cars will be more expensive for consumers if the tariffs are continued for a long time.”
Global S&P mobility predicted that about a third of vehicle production in North America could be Cut until the next week due to 25% of tariffs.
The company with data and forecast reports on average 25 manufacturers manufacturers on average 63,900 light passenger vehicles in North America per day. Most of them, about 65%, consist of the USA, and then 27% in Mexico and 8% in Canada.