The White House has granted a one-month exemption from tariffs for automakers whose vehicles comply with the USMCA trade rules. This decision came after discussions with the CEOs of General Motors, Ford, and Stellantis. The exemption, effective until April 2, aims to prevent economic disadvantage for these companies. Following the announcement, shares of Stellantis rose by 9.2%, GM by 7.2%, and Ford by 5.8%. The exemption covers vehicles and possibly parts that meet the high US and regional USMCA content requirements. This move aligns with potential tariffs on imports from outside North America, set to be confirmed on April 2. The exemption provides time for further discussions between the White House and the automotive industry. Meanwhile, S&P Global Mobility predicts that without this relief, up to a third of North American vehicle production could be cut due to the 25% tariffs.
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