General Motors, Ford and Stellantis NV shared strongly after the US president’s statement, paying off the previous fall.
U.S. President Donald Trump is considered the opportunity to make exceptions from imports in imports and spare components to provide more time to auto companies to promote production in the United States. This was reported by the Bloomberg news agency.
Thus, the US leader indicated the possible relief for automakers suffering from the introduced duties on vehicles. However, at the same time, they created further uncertainty about its tariff policy.
After the words of Trump, General Motors, Ford and the company of mother Chrysler – Stellantis NV – climbed, paid the past fall.
Duties for importing cars are at risk of increasing prices for American consumers and may violate autological chains that closely connected between the USA, Canada and Mexico. Trump says these duties are necessary to restore the American industry.
Trump introduced a 25% duty to fully collected cars, and tariffs for spare parts should enter the strength no later than May 3.
In the tariffs for Canada and Mexico, exceptions have been provided for cars with sufficient maintenance of American -MADE components in accordance with the current North American trade agreement.
Cars in the United States will grow a lot of thousands of dollars – the media
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.