President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers

The latest tariffs on Canadian and Mexican oil could raise U.S. refining costs, disrupt supply chains, and drive up fuel prices.

The temporary pauses followed leaders from Mexico, Canada, and China all vowing to take retaliatory action. Start the day smarter. Get all the news you need in your inbox each mor