Trump Discusses Investment Plans Amidst Customs Tariff War with General Motors CEO

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Trump Discusses Investment Plans Amidst Customs Tariff War with General Motors CEO

President Donald Trump met with General Motors (GM) CEO Mary Barra on Wednesday to discuss the company's investment plans amid an ongoing tariff dispute. The meeting took place following Trump's decision last week to grant temporary exemptions from a 25% tariff on vehicles imported from Canada and Mexico, provided manufacturers adhere to current free trade regulations.

The temporary exemption followed discussions Trump held with Barra, Ford CEO Jim Farley, and Stellantis chairman John Elkann. On Thursday, Trump informed reporters that GM is interested in a $60 billion investment, although the timeline for this spending remains unclear. The automaker has yet to comment on the meeting. Automakers have conveyed to the White House their need for clarity on tariffs and vehicle emission policies to make significant changes to their investment plans in North America.

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