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Automotive Industry
Volkswagen said on 6 Mars that its vehicles made in North America will likely avoid being subject to the 25% tariffs US President Donald Trump has imposed on imports from Mexico and Canada, but other carmakers, including BMW, may not be exempt.
Trump granted a one-month reprieve on tariffs to automakers who complied with the United States-Mexico-Canada Agreement (USMCA) rules of origin this week, after saying such duties would go into effect 4 March. But which automakers will end up being subject to tariffs isn't entirely clear.