- The White House granted a one-month exemption for autos under the USMCA after Trump imposed 25% tariffs on Mexican imports.
- Mexican President Claudia Sheinbaum plans to discuss the tariffs with Trump on Thursday before announcing her government’s countermeasures on Sunday.
The White House confirmed a one-month exemption for autos under the USMCA (United States-Mexico-Canada Agreement), following President Trump’s 25% tariffs on Mexican imports.
The exemption has significant consequences for Mexico’s economy, with tariffs expected to add billions in costs for automakers that rely on Mexican production.
Mexican President Claudia Sheinbaum plans to discuss tariffs with Trump on Thursday, before her government announces countermeasures on Sunday.
Meanwhile, the MACD indicator initially showed a potential bullish signal as moving averages crossed upward. However, momentum appears to be fading, and the pair has yet to retest its February 3rd highs.
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