Stellantis, Ford and General Motors are getting a one-month exemption from the Trump administration’s tariffs that went into effect Monday.

The White House announced a one-month exemption for U.S. automakers from newly imposed tariffs on Canadian and Mexican imports under the USMCA. The move follows requests from Ford (NYSE:F), General Motors (NYSE:GM),

The Dow rallied on Wednesday after the White House confirmed automakers would be exempted from tariffs on Mexico and Canada for a month. White House press secretary Karoline Leavitt said General Motors,

The reprieve applies to cars from Canada and Mexico that comply with the free-trade deal between those two countries and the U.S.

U.S. automakers are getting a one-month exemption from the Trump administration’s tariffs that went into effect Tuesday.

WASHINGTON — President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers.

Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.

The announcement came one day after Trump imposed 25% taxes — or tariffs — on Mexican and Canadian imports, which experts worried would hamstring Michigan's auto industry.

The Dow rallied on Wednesday after the White House confirmed automakers would be exempted from tariffs on Mexico and Canada for a month. White House press secretary Karoline Leavitt said General Motors,

The president said he would pause a 25 percent tariff on cars coming from Canada and Mexico under a trade pact for one month, while other levies stay in place.