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


三月, 06 2025
watermark Economic news

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.


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外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。