The White House press secretary said Trump decided to pause the 25% tariffs on auto imports after talking to officials with Ford, GM and Stellantis.
In a statement released Thursday, March 6, Rocket Mortgage announced it had begun winding down its operations in Canada. Completion is expected by June 27. The decision was reportedly made so Rocket Mortgage could focus on growth in the United States.
After an outcry from Detroit, President Donald Trump has granted one-month tariff exemptions on most auto imports from Canada and Mexico, underscoring the continued clout of US carmakers.
GM and Stellantis would be most affected by the tariffs, given that they rely “significantly” on both Canada and Mexico for their U.S. vehicle sales.
President Donald Trump will exempt Mexican and Canadian goods covered by the North American trade agreement known as USMCA from his 25% tariffs, offering major reprieves to the U.S.’s two largest trading partners.
Following the global debut in the United States, the fully electric, extended-length 2026 Cadillac Escalade IQL has also been announced for the Canadian market.
Canadian leaders have pledged retaliatory efforts against tariffs imposed by President Trump, such as blocking electricity exports.
The 25% tariff on most imported Canadian goods that President Donald Trump’s plans to impose Tuesday has touched off a range of emotions along the world’s longest international border
It's a sudden backing away after Tuesday’s tax hike hurt the stock market, worried consumers and started a trade war.