The White House press secretary said Trump decided to pause the 25% tariffs on auto imports after talking to officials with Ford, GM and Stellantis.

Officials reportedly met with Ford, General Motors and Stellantis NV executives on Tuesday to discuss the impact of the tariffs and possible relief measures.

The latest comments from Commerce Secretary is a sudden backing away after Tuesday’s tax hike hurt the stock market.

President Donald Trump has agreed to exempt automobiles from newly imposed tariffs on imports from Canada and Mexico for the next month.

Following the global debut in the United States, the fully electric, extended-length 2026 Cadillac Escalade IQL has also been announced for the Canadian market.

Shares of the world’s largest automakers, including Chevrolet-maker General Motors (GM) and Dodge-maker Stellantis (STLA), were hit hard at the

President Donald Trump has approved a request to exempt automobiles from tariffs that have been imposed on imports from Canada

Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.

On Wednesday, Trump granted U.S. automakers that trade under USMCA a one-month exemption from the tariffs following concerns raised by Ford, General Motors and Stellantis. The three automakers said the levies are unsustainable for domestic car manufacturing, The Associated Press reported.

All three Detroit automakers, along with others, build vehicles in Canada and Mexico that would face tariffs imposed by Trump.

What Happened? Shares of automotive manufacturer General Motors (NYSE:GM) jumped 8.2% in the mid-day session after the Trump administration announced a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement.