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The U.S. has exempted cars from Canada and Mexico from duties for a month


Mars, 06 2025
watermark Economic news

US President Donald Trump has postponed the entry into force of 25% duties on cars from Canada and Mexico. This decision was made after negotiations with major automakers Ford Motor Co., General Motors Co. and Stellantis NV.


According to White House spokeswoman Caroline Levitt, the exemption from duties applies to cars under the USMCA agreement. Despite this, the mutual tariffs will still come into force on April 2, but a delay has been granted so that automakers can avoid economic difficulties. 


The market reacted quite optimistically: Stellantis shares rose by 8.1%, GM – by 6%, Ford – by 4.5%. 


Earlier, on March 4, duties of 25% on car imports from Canada and Mexico began to take effect, which caused serious discussions within the industry and the active attention of key players in the automotive market.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.