The Trump administration will exempt U.S. automakers from new tariffs on Canadian and Mexican imports for one month, the White House said Wednesday—as the 25% levies imposed Tuesday could potentially lead to price hikes on a range of imported goods,

By David Lawder, David Shepardson and David Ljunggren WASHINGTON/OTTAWA (Reuters) -U.S. President Donald Trump will exempt automakers from his punishing 25% tariffs on Canada and Mexico for one month as long as they comply with existing free trade rules,

Canada, Mexico and China are hitting back with retaliatory tariffs. The moves raised fears of higher prices for U.S. consumers and a trade war.

The tariffs that US President Donald Trump imposed on Chinese goods present a significant opportunity for India, if it undertakes internal reforms to capture a share of what China loses in exports. In 2024,

India has among the world's most protected auto markets, with steep tariffs the U.S. wants to see dropped as it plans bilateral trade talks.

Indian side may escape the tariffs that Trump has threatened to impose from April 2, sources were quoted by the Hindustan Times as saying.