President Donald Trump has granted an exemption on auto tariffs on Mexico and Canada for one month, White House Press Secretary Karoline Leavitt announced Wednesday, issuing a major, albeit temporary,

The Trump administration will exempt U.S. automakers from new tariffs on Canadian and Mexican imports for one month, the White House said Wednesday—as the 25% levies imposed Tuesday could potentially lead to price hikes on a range of imported goods, from food and alcohol to lumber.

Major US tariffs against Canada and Mexico are now in effect, igniting fears of a recession and broader trade war, though some have already been rolled back temporarily.