Ford, GM and Stellantis have been pressing Lutnick to exempt USMCA-compliant vehicles, while the United Auto Workers have pressed the administration to exempt key auto parts from tariffs that could slow auto production. The Detroit Three held a virtual meeting last week with Lutnick to make the case, two sources briefed on the meeting said.

The auto sector, and potentially others, could be given a reprieve as early as Thursday AEDT, the commerce secretary said.

WASHINGTON (AP) — Commerce Secretary Howard Lutnick said there might be carveouts coming to the 25% tariffs placed on Canada and Mexico by President Donald Trump, a sudden backing away after Tuesday’s tax hike hurt the stock market, worried consumers and started a trade war.

The update would mark a significant retreat of the tariffs that went into force on Tuesday, and clash with previous public comments made by Trump claiming the sweeping tariffs wou

U.S. President Donald Trump may announce as early as Thursday a decision to delay tariffs on all goods and services that fall under the country’s trade agreement with Canada and Mexico, Commerce Secretary Howard Lutnick said Thursday.

The pause on the tariffs, which are related to illegal immigration and fentanyl tracking, will expire on April 2, according to Commerce Secretary Howard Lutnick.