President Donald Trump has granted a month’s tariff exemption to US automakers complying with the US-Mexico-Canada agreement, the White House said Wednesday.
Big Three automaker Stellarantis thanked the Trump administration for giving the Trump administration a month’s exemption from the 25% tariffs that came into effect this week, saying “we share the president’s purpose in building more American cars.”
“We thank President Trump for this decision,” Stellantis said in a statement Thursday.
“We share the President’s purpose to build more American cars and create lasting American jobs,” it added. “I look forward to working with him and his team.”
White House press director Karoline Leavitt announced Wednesday that US automakers complying with the US-Mexico-Canada Agreement (USMCA) have received a month’s exemption from Trump administration tariffs.
Automakers receive a one-month duty exemption: White House
Workers will transport Chrysler minivans at the Stellantis Windsor Assembly Plant in Windsor, Ontario, Canada on January 31st. (Getty Images/Jeff Robbins via Getty Images/AFP)
“We spoke to the Big Three automaker,” confirmed Leavitt. “We will provide a one-month exemption for all cars coming through the USMCA.”
“Mutual tariffs will still come into effect on April 2, but as per the company’s requests relating to the USMCA, the president is exempt from them for a month, so they will not be at a financial disadvantage,” Leavitt said.
ticker security last change change%STLA STELLANTIS NV 12.89 +1.09 +9.24%
She told reporters that Stellantis, Ford and General Motors were the companies Trump spoke to.
“They requested a call. They ask questions and the president is happy to do it,” added Levitt. “That’s a one-month exemption.”
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Drone view of Chrysler Windsor Assembly Facility in Stellantis, Windsor, Ontario, Canada, February 4th. (Reuters/Carlos Osorio/Reuters)
Stellantis operates facilities in Mexico and Canada, and cites analyst estimates to report that it sells about 40% of vehicles it sells in the US from the US.
Stellantis announced its investment in US operations at the start of Trump’s second term, adding that he cited the company as saying it strongly supports the president’s “resolution to ensure that the American automotive sector can flourish.”
Workers will assemble Jeep Patriot and Compass SUV at Chrysler’s Belvidere assembly plant in February 2012. The factory is expected to reopen in the next few years. (Getty Images/Getty Images via Michael Tercha/Chicago Tribune/Tribune News Service)
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“Stellantis has committed to building the next generation of Dodge Durango at the Detroit Capitol complex,” the United Auto Workers Union said in late January, adding that it plans to reopen the Belvidere Assembly Plant in Illinois in 2027, with new mid-sized trucks being built there.
