The reprieve applies to cars from Canada and Mexico that comply with the free-trade deal between those two countries and the U.S.

OTTAWA — The White House announced on Wednesday that the U.S. was providing a one-month exemption to automobiles covered by a free trade agreement with Canada and Mexico from the 25 per cent tariffs he slapped on both countries.

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.

The announcement came one day after Trump imposed 25% taxes — or tariffs — on Mexican and Canadian imports, which experts worried would hamstring Michigan's auto industry.

The White House said on Wednesday that U.S. President Donald Trump is granting a one-month exemption to three major automakers from the newly imposed 25-percent tariffs on Mexico and Canada. "We spoke with the big three auto dealers (makers),

President Trump is granting automakers a one-month exemption from tariffs he imposed on Mexico and Canada, the White House said Wednesday. "The president is happy to do it," White House Press Secretary Karoline Leavitt said.

President Donald Trump signs an order postponing tariffs for one month on certain Mexican and Canadian goods that fall under an existing free-trade agreement.

U.S. President Donald Trump on Thursday said Mexico won't be required to pay tariffs on any goods that fall under the United States-Mexico-Canada Agreement on trade until April 2, but made no mention of a reprieve for Canada despite his Commerce secretary saying a comparable exemption was likely.

U.S. President Donald Trump has hit pause on automotive tariffs for Canada and Mexico for a month. J.P.Morgan’s Gabriela Santos weighs in on how global markets are processing the White House’s back-and-forth approach to trade policy.