U.S. President Donald Trump announced a temporary suspension of tariffs, stating that the decision was made in favor of American auto manufacturers.
In remarks made on Sunday, Trump added, “I believe Ukrainian President Zelensky will return soon and sign the metals agreement.”
Temporary Exemption and Willingness for Further Concessions
Last week, Trump granted a one-month tariff exemption for auto companies following discussions with the heads of major U.S. automakers.
A White House spokesperson confirmed that the president is open to granting additional tariff exemptions after suspending duties imposed on auto manufacturers.
Industry Demands and Tariff Review
American auto companies had previously urged the administration to lift the 25% tariffs on vehicles imported from Mexico and Canada. This request was part of their efforts to comply with the rules of origin outlined in the United States-Mexico-Canada Agreement (USMCA).
This decision comes amid ongoing discussions about tariff policies and their impact on the automotive sector, as companies seek to reduce financial burdens and enhance their competitiveness in the market.