Group 1 - The White House has granted a one-month reprieve on tariffs for automakers Stellantis, Ford, and General Motors at their request [1][2][6] - Automakers will not receive another pause when the second round of trade-related tariffs goes into effect on April 2, and additional tariffs on steel and aluminum are set to begin on March 12 [3][4] - Shares of automakers rebounded on Wall Street following the announcement, indicating potential optimism among traders for future deals [3] Group 2 - The current tariffs are linked to President Trump's concerns regarding the flow of fentanyl from Canada and Mexico into the US, which has been disputed by leaders of those countries [4][5] - Trump expressed that he is open to dialogue regarding further exemptions for automakers [5][6]
The Big 3 automakers wanted a tariff exemption. Trump has given them one month.