President Donald Trump delayed the implementation of new 25% tariffs on Canada and Mexico following pressure from top US automakers and GOP lawmakers. Ford Motors, GM, and Stellantis expressed concerns that the tariffs could disadvantage their American-based businesses in favor of foreign carmakers. After discussions with these executives, the White House announced a one-month exemption for autos entering the United States. White House press secretary Karoline Leavitt stated that President Trump is open to hearing about additional exemptions and will act in the best interest of the American people. Despite the reprieve, Trump did not offer similar concessions to Canadian Prime Minister Justin Trudeau, citing concerns over fentanyl crossing the border. The tariff situation has caused uncertainty in the markets, with officials monitoring the potential impact on areas close to the Canadian border, such as Michigan. While the auto industry welcomed the temporary relief, concerns remain about long-term effects. Meanwhile, Canadian officials are navigating the mixed messages from Washington as they address the economic fallout of the tariffs. — news from CNN
