MILAN (Reuters) -Automaker Stellantis said on Thursday it shared U.S. President Donald Trump's goal of building more cars in the United States, as it thanked him for granting a one-month exemption from tariffs on Canada and Mexico.

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

If left in place, such high import duties would make Detroit's North American-centric business structurally unprofitable, warns Barclays investment bank.