Trump’s Tariffs Leave Automakers With Tough, Expensive Choices
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
It Is Happening Every Day, Every Where
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
The scale of the damage depends on the circumstances of each company’s supply chain.
Hyundai already makes cars in the United States, in Georgia and Alabama.
Aerospace companies are big exporters but also very reliant on a global supply chain, making them vulnerable.
President Trump and his advisers say his policies may cause short-term pain but will produce big gains over time. Many economists are skeptical of those arguments.
Energy executives meeting in Houston expressed concerns about President Trump’s trade and economic policy even as they praised him and his administration.
The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But history suggests a more complex history.
The added capacity for the year was the most from any single source in more than two decades.
President Trump’s stiff tariffs on Mexico and Canada could push those allies into recession. The impact for America could be messy.
President Trump has offered a confusing mix of reasons for upending global trade relations, leaving America’s biggest trading partners baffled and angry.