President Trump said Thursday he is delaying for roughly one month tariffs on Mexican imports that are covered under a North American trade agreement signed during his first term. Trump posted on

The White House said Donald Trump spoke to Stellantis, Ford, and General Motors officials who asked for the tariffs exemption.

The stock market surged on Wednesday after the Trump administration granted automakers a one-month exemption from tariffs imposed a day earlier. The Dow Jones Industrial Average closed the trading session up nearly 500 points, or 1.1%, while the S &P 500 also jumped 1.1%. The tech-heavy Nasdaq increased nearly 1.5% on Wednesday.

By contrast, the amount of fentanyl that Canadian border agents ... Trump decided to give Stellantis, General Motors Co. and Ford Motor Co. a one-month reprieve from the tariffs on their vehicles ...

This announcement comes after Trump had a meeting Wednesday with the leaders of Ford, General Motors, and Stellantis.

President Donald Trump is giving US automakers a brief delay on tariffs imposed against Canada and Mexico as trade war tensions escalate and concerns rise domestically about the economy.The pause was confirmed at a news briefing by