Trump Mulls Exemptions for Carmakers From Mexico and Canada Tariffs
US Commerce Secretary Howard Lutnick has said President Donald Trump is considering a deal that would offer exemptions from tariffs on Canada and Mexico, including potentially for carmakers. The possibility of a rollback came as many US businesses raised concerns about Trump's decision to hit US imports from its two closest trade partners with a 25% import tax. After two days of declines, the main US stock indexes were trading slightly higher early on Wednesday.
- This potential exemption could be seen as a pragmatic move by Trump to address growing concerns within the auto industry and maintain some semblance of normalcy in his trade policies.
- How might this exemption affect the broader implications of Trump's tariffs on Canada and Mexico, particularly with regards to the ongoing trade tensions between the US and its closest allies?