White House considering exemptions to reciprocal tariffs, says House Speaker - Reuters
Investing.com -- House Speaker Johnson has expressed belief that the White House is contemplating exemptions to reciprocal tariffs, which may include those on autos and pharmaceuticals. This information was shared by Reuters, who reported that President Trump had revealed his plans for these potential exemptions to GOP lawmakers during a meeting at the White House last month.
According to a source briefed on the discussions, Trump is considering four exemptions to the reciprocal tariffs, two of which are known to be autos and pharmaceuticals. The details regarding the other two potential exemptions are yet to be reported.
Following the news, shares of General Motors (NYSE: GM ) and Ford (NYSE: F ) experienced an upward shift. This news report had a direct impact on the stock prices of these companies.
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