There’s a mix of relief and continued frustration within the auto sector as U.S. President Donald Trump granted a one-month tariff exemption for vehicles traded under the Canada-U.S.-Mexico Agreement.
The Canadian Vehicle Manufacturers’ Association, which represents Stellantis, Ford and GM, said it “welcomes” the exemption.
“We look forward to working on a permanent solution that recognizes the integration of the North American market and reinforces the strong standards established in the USMCA/CUSMA,” the association’s president and CEO Brian Kingston said in a statement.
Global Automakers of Canada president David Adams said the one-month reprieve “is better than no reprieve” but it still leaves the industry to deal with significant uncertainty moving forward….