Washington | President Donald Trump said on Wednesday (Thursday AEDT) he would pause tariffs on cars coming into America from Canada and Mexico for one month, after a 25 per cent tariff that he placed on America’s closest trading partners a day earlier roiled stock markets and caused pushback from industry.

Karoline Leavitt, the White House press secretary, read a statement from Trump saying that the White House had spoken with the three largest car makers and that a one-month exemption would be given to vehicles coming in through the United States-Mexico-Canada Agreement.