Investing.com -- U.S. Commerce Secretary Howard Lutnick revealed in a recent interview with Fox News that President Donald Trump is contemplating a temporary reprieve for U.S. automakers from tariffs. The exemption, if approved, would last for the next month.

This information was shared by Lutnick following a discussion that he and President Trump had with Canadian Prime Minister Justin Trudeau earlier on Wednesday. The decision has not been finalized but it indicates a potential shift in the current tariff policies affecting the automotive industry.

The exclusion would provide a temporary relief for U.S. automakers who have been grappling with tariffs. As of now, it remains unclear whether this potential policy change would extend beyond the proposed one-month period.

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