WASHINGTON (Gray DC) – Just a day after the U.S. imposed 25 percent tariffs on imports from Canada and Mexico, U.S. automakers get a temporary exemption.
White House Press Secretary Karoline Leavitt announced a one-month tariff exemption for U.S. automakers that import a significant percentage of autos and parts from Canada and Mexico.
“We spoke with the big three auto dealers. We’re going to give a one-month exemption on any autos coming through USMCA. Reciprocal tariffs will still go into effect on April second 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 a economic disadvantage.”
Leavitt also did not rule out the possibility of another tariff exemption for imported eggs.
“The President is open to hearing about additional exemptions, he always has a dialogue and he’ll always do what’s right, what he believes is right for the American people. But again, as for the egg crisis in this country, the president is whole-heartedly committed to ensuring we are increasing our egg supply and we’re also bringing down costs.”
Tariffs are paid for by the importer and costs are often passed on directly to consumers.
In his address to Congress Tuesday night, the President acknowledged the potential for higher consumer prices because of the new tariffs. The President saying – “There will be a little disturbance…..adding….”we’re ok with that.”
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