The US will delay the tariffs for automotive sector of Mexico and Canada for one month

The White House announced Wednesday that it will delay the imposition of 25% tariffs on cars that enter into USA from Mexico and Canada after the president, Donald Trumpwill talk to the three largest American manufacturers who assemble vehicles in the two neighboring countries.

“We have talked to the three large car vendors. We will give an exemption (of tariffs) of a month to every car that enters the United States) within the framework of the T-MEC”The White House spokeswoman, Karoline Leavitt, was asked at a press conference, when asked about a dialogue between the US government and the calls ‘Big Three’ (‘Three Great’).

Representatives of the Trump administration spoke on Tuesday with leaders of General Motors (GM), Ford and Stellantis to address the situation created in the sector before the imposition of 25% tariffs that Washington began to apply on Tuesday to imports from Mexico and Canadaso Washington considers insufficient efforts to reduce fentanyl traffic.

The spokeswoman said the “reciprocal tariffs will continue to enter into force on April 2” Until now, the White House had not established an exact date for the entry into force of these taxes against countries that Washington considers that they apply tariff and non -tariff barriers against their goods and services.

However, Leavitt, who read a text in this regard given by Trump himself, explained that “At the request of the companies associated with the T-MEC (the Free Trade Agreement between the United States, Mexico and Canada), the President will give them an exemption for a month so that they are not at an economic disadvantage ”.

“The three companies he talked about are Stellantis, Ford and General Motors. They requested the call, they made the request and the president is happy to do it; It will be an exemption of one month”He said.

The possible delay for the automobile sector, one of the most affected by the commercial war in North America, generated on Wednesday a rise in the stock values ​​of the three manufacturers, which in the absence of two hours for the closure on Wall Street added climbs between 5 and 8.5%.

The United States automobile sector, Canada And Mexico is fully integrated, and some parts used for the manufacture of vehicles cross the borders up to eight times during the manufacturing process.

From his return to the White House, Trump has opted to activate tariffs to correct what he considers unfair commercial deficits for Washington, to attract investment of foreign capital and, above all, as a measure of pressure against Mexico, Canada and China to reduce the flow of fentanil that enters through US borders.

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