The major U.S. automakers were given a one-month exemption from new tariffs on Canadian and Mexican imports, the Trump administration said Wednesday.

Shares of GM, Ford, and Stellantis gained Wednesday as the White House granted the automakers a one-month exemption from new tariffs on Canada and Mexico.

Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.

S&P downgrades Stellantis rating ... Commerce Secretary Howard Lutnick said on Tuesday. Automakers warn that Trump tariffs will hike vehicle prices as much as 25% A trade group representing ...

The Trump administration has postponed tariffs for U.S. automakers by one month, while keeping the rest of 25 percent tariffs imposed on Mexico and Canada.