Canada will conditionally exempt some countermeasures against U.S. imported automobiles
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Canada will grant a 6-month tariff exemption on certain U.S. goods, with some automakers eligible for tariff waivers. Prime Minister Carney stated that automakers continuing to produce in Canada will receive a 100% tariff exemption. In early trading, General Motors and Ford Motor saw their stock prices decline. The Treasury Department's statement indicated that the exemption depends on whether automakers continue to produce in Canada and complete their investments. The White House stated that President Trump’s position on this issue remains unchanged
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