We're tracking several developments involving the Trump administration this week. Following talks with big three automakers, Ford, General Motors and Stellantis, President Donald Trump has given the auto industry a one-month exemption to tariffs on imports from Canada and Mexico.

The announcement comes after Trump spoke with leaders of the "big 3" automakers, Ford, General Motors, and Stellantis on Wednesday.

White House Press Secretary Karoline Leavitt noted that Trump told Ford, General Motors and Stellantis to “start investing, start moving, shift production here.” It’s just not that simple.

The White House on Wednesday announced a one-month tariff exemption for automakers after President Donald Trump spoke a day earlier with heads of General Motors, Ford Motor and Stellantis. Automakers have urged Trump to waive 25% tariffs on Mexico and Canada on vehicles that comply with the United States-Mexico-Canada Agreement’s rules of origin.

President Donald Trump decided to give Ford, General Motors and Stellantis a one-month tariff exemption. The move comes a day after Trump enacted harsh tariffs on products from Canada and Mexico.

President Donald Trump has delayed tariffs on automobile imports from Canada and Mexico for one month after requests from executives at the Big Three

What Happened? Shares of automotive manufacturer General Motors (NYSE:GM) jumped 8.2% in the mid-day session after the Trump administration announced a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement.

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.

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

The automotive industry won't be able to adapt its years-long production cycles to produce vehicles in the U.S. quickly, experts say.

President Donald Trump is giving a one-month exemption on automotive tariffs provided their manufacturing process complies with the United States-Mexico-Canada Agreement (USMCA).