Trump clarifies ‘short-term’ pause on tariffs was enacted to help US automakers – Washington Examiner
President Donald Trump announced a temporary delay on tariffs imposed on imports from Mexico and Canada, aimed at supporting U.S. automakers before the tariffs take effect next month. The 25% tariffs had initially been enacted just days prior, but Trump stated the need for a “short-term” pause to give American carmakers a break. He emphasized that this decision was made to ensure that the United States maintains a reciprocated trading relationship, reflecting the significant business these countries conduct with the U.S.Trump mentioned he wanted the automakers to begin investing in the U.S. during this period, and hinted that tariffs might increase in the future if trade disputes continue. Canadian Prime Minister Justin Trudeau responded by highlighting the importance of mutual prosperity in the region and predicted the trade tension would linger. Simultaneously occurring, Senator Rand Paul expressed his opposition to the tariffs, voicing concerns about thier impact on prices within his state of Kentucky.
Trump clarifies ‘short-term’ pause on tariffs was enacted to help US automakers
President Donald Trump said he chose to delay the United States’s tariffs on Mexico and Canada to give automakers in the U.S. “a break” before the tariffs are implemented next month.
The president paused his 25% tariffs on imports from the neighboring countries on Thursday, just two days after his tariffs on Canada took effect. Explaining this “short-term” delay, Trump argued that the countries do “a lot of their business” with the U.S., in contrast to how much business the U.S. does with either Mexico or Canada.
“I wanted to help the American carmakers until April 2,” Trump explained in a one-on-one interview with Fox Business’s Maria Bartiromo. “April 2, it becomes all reciprocal. What they charge us, we charge them. It’s a big deal.”
The Trump administration granted U.S. automakers the one-month break earlier this week, with White House press secretary Karoline Leavitt adding that the president has stressed that these automakers should “start investing” in the U.S. in the meantime. In the new interview, Trump said that he felt this was “a fair thing to do” for U.S. automakers.
Trump also hinted that the U.S. tariffs “could go up as time goes by,” adding how “the globalists” have been ripping off the U.S. The president previously warned that any retaliatory tariffs issued by Canada against the U.S. would be matched.
The president’s full interview with Bartiromo will air on Sunday on Fox News’s Sunday Morning Futures with Maria Bartiromo, which airs at 10 a.m. ET.
TRUMP TAKES A CONSEQUENTIAL GAMBLE PULLING THE TRIGGER ON TARIFF THREATS
On Thursday, Canadian Prime Minister Justin Trudeau claimed that Trump’s “America First” agenda works best when both Canada and Mexico are also prospering. Trudeau predicted the “trade war” that Canada is in with the U.S. will continue “for the foreseeable future.” Trump has speculated that the Canadian prime minister is seeking to use the friction between Canada and the U.S. to seek another term in office, even though Trudeau revealed in January that he would be stepping down from his position.
Sen. Rand Paul (R-KY), a vocal critic of tariffs, has vowed to continue his opposition. The Kentucky senator has said that “almost every industry” in his state has informed him that the tariffs would increase the price of homes and cars.
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