Pres. Trump Offers 1-Month Tariff Exemption to Automakers
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Pres. Trump Offers 1-Month Tariff Exemption to Automakers
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While President Trump plans to institute tariffs at the beginning of April, he has offered three major automakers a month delay.
From Fox Business. U.S. automakers who comply with the United States-Mexico-Canada Agreement (USMCA) are getting a one-month exemption fromĀ the Trump administrationāsĀ tariffs that went into effect Tuesday, White House press secretary Karoline Leavitt announced Wednesday.
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“We spoke with theĀ Big Three automakers,” Leavitt confirmed. “We are going to give a one-month exemption on any autos coming through USMCA.”
“Reciprocal tariffs will still go into effect on April 2, but at the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not at an economic disadvantage,” Leavitt said.
She told reporters that Stellantis, Ford and General Motors were the companies Trump spoke with.Ā …
In mid-February, Trump signed an executive order imposing reciprocal tariffs on U.S. trading partners, effectively raising duties on imports to match those levied on America’s exports. …
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(Excerpt from Fox Business. Photo Credit: Yunus Yildiz on Unsplash)
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Father God give wisdom to the president how to handle this issue. I agree that President Trump’s desire – is to bring job back to America is the best way to go. If foreign companies want our business they should build their businesses in America and hire American workers. Especially the auto companies. I pray in Jesus’ name.
As referenced in several posts we are indeed in a trade war . Itās simple math to expect our imports to elevate in price due to the tariffs battle . As this continues it wonāt be pleasant but highly necessary to bring manufacturing and jobs back to America. Our reliance on other countries for our goods has became extremely out of balance.
Father we know without a doubt that YOU are in control. Make America return to the country you created it to be . Do not let us take one step without your guidance. And we Praise,Praise, Praise you for the revival which you have begun !! In our precious savior Jesus name we pray and rely . Amen and Hallelujah!!!