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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

- ABHIRUP ROY

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.

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