The auto industry faces new challenges as tariffs on steel and aluminum rise, impacting manufacturing costs significantly. Despite claims from President Trump regarding national security and job creation, the Coalition of American Metal Manufacturers and Users argues that U.S. manufacturers face severe disadvantages. Many domestic producers cannot fulfill the industry's metal needs, and companies like Ford anticipate cost increases as their suppliers face the tariff. Industry representatives warn that these tariffs could hinder the competitiveness of U.S. manufacturers and strain supply chains across various sectors.
Ann-Marie Uetz, a trial attorney who often represents auto suppliers, emphasized that the ripple effects of such tariffs impact not just manufacturers, but their entire supply chain.
Ford CEO Jim Farley acknowledged that even though Ford primarily sources its metal domestically, the tariffs will still impact costs due to suppliers' international sourcing.
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