• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The U.S. has exempted cars from Canada and Mexico from duties for a month


March, 06 2025
watermark Economic news

US President Donald Trump has postponed the entry into force of 25% duties on cars from Canada and Mexico. This decision was made after negotiations with major automakers Ford Motor Co., General Motors Co. and Stellantis NV.


According to White House spokeswoman Caroline Levitt, the exemption from duties applies to cars under the USMCA agreement. Despite this, the mutual tariffs will still come into force on April 2, but a delay has been granted so that automakers can avoid economic difficulties. 


The market reacted quite optimistically: Stellantis shares rose by 8.1%, GM – by 6%, Ford – by 4.5%. 


Earlier, on March 4, duties of 25% on car imports from Canada and Mexico began to take effect, which caused serious discussions within the industry and the active attention of key players in the automotive market.


Top Top