Liberate from possible tariff for the US automotive industry

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The US Trading Secretary Howard Lutnick stated that some sectors could stay outside the tariffs in Canada and Mexico, and shares are higher in carmakers.

Lutnick said that US President Donald Trump said that 25 percent of the sectors were given a relief tariffsTuesday entered into force.

“What you think is, perhaps the parts of the market know – maybe they will give them comfort.”

At the end of the day, one was announced, Lutnick told Bloomberg on Wednesday that after sharing the previous day in the comments that helped a wall street rally.

The Secretary of Trade said the administration considered the appropriate of the 2020 US Mexican-Canadian agreement, including the 2020 US-Mexican-Canadian agreement, including cars.

Some sectors would still face 25 percent of the tariff, Lutnick, others were able to see some flexibility. “It may be autos, others may be,” he said.

Trump tariffs took a vertical revenge from Ottawa and violated the link between the United States, Mexico and Canada.

In particular, components between the three countries are especially important for carmakers, especially during the production process.

Former CEO of the Financial Services Group of Cantor Fitzgerald, along with Trump’s Canadian and Mexico, with Canadian and Mexico, Hawine White House has been trading or developed as a consultant as a consultant or Mexico.

The sign of growing tension in the development of the developing trade, Prime Minister Justin Trudeau, Washington, a great government adviser, government counselor, a great government adviser

Lutnick, three US Karmakists – Ford, General Engines and Stellantis owner Chrysler’s owner, said that all the rules of origin in the USMCA said.

“If you followed the contract, maybe you avoid the tariffs,” Lutnick said. “And if you did not follow the agreement, you did even in a good risk. You knew you didn’t fit.”

Shares in general engines, about 4% of about 4 percent jumped about 4 percent about 4 percent. The shares in Stellantis rose to 5 percent.

The rally restored the previous day of the shares of the shares of the carmakers, when the tariffs were applied.

The analysts in Bernste read GM for the most exposed US with the most exposed US. Next year, the company will fall in $ 6.7 billion in $ 6.9 billion for Ford, $ 6.7 billion will fall in $ 6.7 billion in $ 6.9 billion and compared to 3.5 billion euros for Stellantis.

European brands, which exported vehicles from Canada and Mexico in the United States, were also affected by the United States, and the Shares of Volkswagen returned 3.5 percent in the early trade in early trade.

Lutnick stressed the complaints of Trump management, which could not strike the call of the countries of Mexico and Canada’s fatal opioid Fentanyl and the challenge of the countries.

“If Fentanyl could stop the flow, the president is open minded,” he added: “Let’s continue to be tariffs.. Perhaps it is perhaps to give them peace of mind.”

Trump’s US trading partners and the history of “mutual” tariffs against a wider range of trade partners and allies.

The US president has developed new tariffs on the basis of “country-country country”, which is considered unfair by Washington, taxes and rules of trade consultants last month.

White House officials, Brazil, India, Japan and EU are said to be the risk of facing special tasks.

Lutnick added that the more plump fleeing of USMCA will be held next year.

Tuesday, Trudeau, Trump described the tariffs in the Canadian goods as “very dumb and raised a 25 percent of the United States imports.

Speaking about Fox news on Wednesday morning, the US Treasury Secretary Scott Bessent called Trudeau, called Trudeau, “Topal duck” and “dead man walking” this year.

Mexican President Claudia Sheenbaum said he expects Mexican to talk to Trump on Thursday morning until Sunday, postpone the revenge declaration.

Additional report by ilya gridneff