Trump tariffs could pressure auto industry
We kind of feel that we could write an entire magazine about geopolitical tensions at the moment, but we’ve only got space for one article (or two)! It’s been an interesting few weeks and at the moment there must be some very nervous automakers out there. First of all were the 25% tariffs imposed by the US on Canada and Mexico…and then delayed. And then reinstituted and delayed again…we truly don’t know! Of course, President Trump seemed not to understand that parts for the average “US-manufactured” vehicle cross the Mexican and Canadian border several times before the vehicle is completed,...
Topics
Aluminium
Batteries
Canada
China
Margin pressure
Mexico
Prices
Steel
Tariffs
Trump
US
