A new trade deal allows British carmakers to export 100,000 vehicles to the US at a lower tariff rate than their North American counterparts. This raises concerns among American automakers who fear it could set a precedent for future trade agreements.
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In a surprising move, President Trump has granted a one-month tariff exemption to automakers in Mexico and Canada, allowing them to avoid economic disadvantage as negotiations continue. This decision comes just before reciprocal tariffs are set to take effect.
