According to inquiries, President Donald Trump has delayed car manufacturers, Ford and Stellantis – according to inquiries from managers and Stellantis – according to inquiries from managers and Stellatis – according to inquiries from managers from Canada and Mexico. Political.
The deletion comes less than two days after Trump exhibited 25% tariffs for all goods from the United States’ neighbors who were previously under a duty -free North American trade agreements (sometimes characterized as NAFTA 2.0) negotiated in his first term.
The car manufacturers have complex supply chains and operate several production facilities in Mexico and Canada. For example, GM produces its Chevy Equinox in Mexico and Canada, and both Fords Lincoln Nautilus SUVS and Stellantis’ Dodge Chargers are produced in Ontario. Several automobile suppliers also have factories in both countries.
The prices for the cars are already at historical heights, and the tariffs threaten to send the prices for stickers that send up to $ 12,000 in the height. after To Jeff Schott, Senior Fellow at the Peterson Institute for International Economics, which was interviewed by Detroit Free Press. This could lead to less demand and hold dealers on their land with unaffordable cars.
In a speech to the congress on Tuesday, Trump asked the manufacturers to move their business to the United States. Jim Farley, CEO of Ford, said last month at an investor talk that the company had no overcapacity in its facilities to change production. Farley noticed that Ford could withstand the tariffs at short notice, but if they exist, they would “blow a hole in the US industry that we have never seen before”.
By February, almost half of all new vehicles sold in the USA were built in the United States, but 17.4% of them were built in Mexico and 7.4% in Canada in Canada, according to Edmunds.com.
