VW may avoid 25% Trump tariff, but BMW faces trade levy

Reuters

Summary

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That’s a result of the highly integrated North American auto market under free trade agreements torn up by Trump.
Politico Europe
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Shares of Ford Motor Co., General Motors Co., and Stellantis NV rallied on Wednesday after the Trump administration announced a temporary exemption from tariffs on some vehicles imported from Mexico and Canada.
Asianet Newsable
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Global Markets Rise as Trump’s One-Month Tariff Exemption Lifts Automakers
The Wall Street Journal
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The exemption decision came after 25 percent tariffs on Canadian and Mexican goods — with a carve-out for Canadian energy to be taxed at 10 percent -- went into effect on Tuesday, following a one-month pause that Trump agreed to as the two countries pledged to bolster efforts to prevent cross-border drug trafficking.
The Korea Times

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