U.S. President Donald Trump on Wednesday raised hopes for another pause on steep new tariffs on imports from Mexico and Canada by saying they would take effect on April 2, about a month later than a deadline next week.

WASHINGTON (Reuters) -- U.S. President Donald Trump on Wednesday raised hopes for another monthlong pause on steep new tariffs on imports from Mexico and Canada, saying they could take effect on April 2, and floated a 25% "reciprocal" tariff on European cars and other goods.

President Donald Trump told reporters on Wednesday that he is still planning to impose tariffs on Mexico and Canada but is eying April 2 as a new potential start date.

Stellantis faces uncertainty around tariffs promised by U.S. President Donald Trump that could significantly reduce its profits, while the Jeep-maker is already struggling to recover from what it called a "rough" 2024.

President Donald Trump says his tariffs on Canada and Mexico are starting next month. WASHINGTON — President Donald Trump said Monday that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension on the planned import taxes that could potentially hurt economic growth and worsen inflation.

Auto industry leaders are trying to convince Trump to spare them from 25% levies on imports from Canada and Mexico that are set to take effect next week.

President Donald Trump on Wednesday claimed that his proposed tariffs would actually boost the Detroit automakers, despite most evidence pointing to the contrary.