U.S. President Donald Trump has suspended the imposition of a 25% tariff on Mexican and Canadian vehicle imports for a month. The action preceded negotiations with the executives of "Big Three" American automakers Ford, General Motors, and Stellantis. The extension is intended to provide temporary respite to the auto industry that had sounded warning bells over the potentially catastrophic effects of the tariffs.
When speaking with the auto industry executives, Trump requested the companies to increase their production in the United States to avoid tariffs entirely. Trump also indicated that he would be considering further exemptions beyond the automotive sector alone.
Despite the reprieve, retaliatory Canadian and Mexican tariffs on U.S. goods already are in place. Trump has maintained he is open to negotiating further on tariff relief but also stressed reciprocal trade practices as a priority. The situation remains fluid, with the potential for additional policy realignment based on economic factors and ongoing negotiations.


Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets
U.S. Stock Futures Edge Lower as Tech Earnings and Fed Decision Shape Market Sentiment
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets
BTC Flat at $89,300 Despite $1.02B ETF Exodus — Buy the Dip Toward $107K?
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S.
Oil Prices Hit Four-Month High as Geopolitical Risks and Supply Disruptions Intensify
Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions
FxWirePro- Major Crypto levels and bias summary 



