President Trump's announcement to enact a 25% tariff on parts coming from Canada and Mexico threatens to disrupt the North American auto industry. Despite Trump's claims of benefits for the industry, major companies like Ford express serious concerns about the long-term impact of such tariffs, pointing out that the deeply integrated supply chain, which often sees auto parts crossing borders multiple times, will suffer greatly. Analysts concur, highlighting the vulnerability of Detroit automakers compared to their international counterparts as costs rise throughout the supply chain.
The tariffs are all set... They go into effect tomorrow. This is a significant moment for the auto industry as they prepare for changes.
Long term, a 25% tariff across the Mexico and Canadian border will blow a hole in the U.S. industry that we have never seen.
Collection
[
|
...
]