Trade Regulation Updates

On March 5, 2025, at the urging of automakers, the US Government announced a reprieve on the implementation of the 25% tariffs imposed on Canadian and Mexican imported automotive goods. 

This reprieve will apply only to vehicles qualifying under the US-Mexico-Canada Free Trade Agreement, regardless of the North American automobile manufacturer.    

In a quote from White House spokesperson Karoline Leavitt, she outlined that this decision was made in consultation with the “Big Three” auto dealers and that the President still plans to proceed on April 2nd, 2025, with reciprocal tariffs, which includes additional tariffs on automobiles.

This is a REPORTED story that is still evolving. Reported stories are, by their nature, fluid and do not contain confirmed or official documentation from the US Federal Register or the Canadian Gazette. Reported stories are typically those based on comments and statements made to the media, and while they are subject to change, they should be considered reputable. You are encouraged to investigate further with your news outlet of choice.