Trump agrees to grant a one-month tariff exemption for some North American-made cars

U.S. President Trump agreed to delay for a month the imposition of tariffs on certain North American-produced vehicles, a move that will benefit cars meeting the origin rules of the 2020 United States-Mexico-Canada Agreement (USMCA). The White House stated that all qualifying imported vehicles will be exempt, although reciprocal tariffs will still take effect on April 2. Automakers have committed to increasing their investments in the U.S. but hope the government will provide certainty regarding tariffs and environmental policies. Ford Motor and General Motors saw their stock prices rise nearly 4% and 5%, respectively