Trump pauses tariffs on Canada and Mexico. Here’s why it matters to automakers

A car hauler carries Toyota RAV4 vehicles as it enters to cross the Ambassador Bridge in Windsor, Ontario to go to Detroit, Michigan on February 3, 2025. US President Donald Trump paused tariffs on Mexico for one month after last-minute talks Monday — but there was no breakthrough yet in negotiations with Canada on an issue that has sparked fears of a global trade war. (Photo by JEFF KOWALSKY / AFP) (Photo by JEFF KOWALSKY/AFP via Getty Images)