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Donald Trump hands carmakers one-month reprieve from tariffs

Carve-out applies to companies operating through the US-Mexico-Canada trade pact

Donald Trump has handed carmakers a one-month reprieve on tariffs on imports from Mexico and Canada, in the latest last-minute policy shift to roil corporate America.

White House press secretary Karoline Leavitt said the president had spoken with Chrysler and Jeep maker Stellantis, Ford and General Motors on Wednesday.

Leavitt added the exemption would apply to cars complying with the terms of the 2020 trade deal between the US, Mexico and Canada.

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