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Trump tariffs: Auto suppliers rethink production plans
Financial Express Lucknow
|January 10, 2025
Trump has vowed to impose a blanket tariff of 10% on global imports into the US and a 60% tariff on Chinese goods
GLOBAL AUTO SUPPLIERS are working out how much of their production can be moved to the US, or closer to it, as a defense against tariffs promised by President-elect Donald Trump, according to industry executives at CES in Las Vegas.
The auto industry has already experienced 8 years of US protectionism, from real and threatened tariffs during Trump's first term and then more tariffs and the US Inflation Reduction Act under President Joe Biden.
Dit verhaal komt uit de January 10, 2025-editie van Financial Express Lucknow.
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