U.S. considers one-month extension of auto tariffs on Canada and Mexico

The Trump administration is considering a one-month extension on pushing back tariffs on Canadian and Mexican cars, according to people familiar with the matter. Administration officials met Tuesday with the heads of Ford Motor (F.N), General Motors (GM.N) and Stellanitis (STLA.N) to discuss the matter. Another meeting on possible tariff relief is scheduled for Wednesday at the White House. Detroit's major automakers have been actively seeking to halt or modify Trang's tariff policy, which they fear could be disastrous. Automakers and experts have warned that a 25 per cent tariff on a neighbouring country would lead to higher costs, almost immediately raising car prices by thousands of dollars and crippling supply chains.