Politics - CBSNews.com
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President Trump is giving a one-month exemption to the big three U.S. automakers — Ford, General Motors and Stellantis — from the round of tariffs that took effect on March 4, White House press secretary Karoline Leavitt said on Wednesday.
Mr. Trump's imposition of 25% tariffs on all goods imported from Canada and Mexico, as well as an additional tariff of 10% on Chinese imports, were expected to hit the auto industry hard because many vehicle parts and components are imported from those countries to manufacture cars in the U.S.
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