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Why automakers' short reprieve from tariffs isn't enough to weather Trump's escalating trade war

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ugh-to-weather-trump-s-escalating-trade-war.html
  Print publication without navigation Published in Business and Finance on by Fortune
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
In response to concerns about the short timeline for auto companies, White House Press Secretary Karoline Leavitt noted that Trump told the companies to "start investing, start moving, shift production here."
The article from Fortune, dated March 6, 2025, discusses the potential impact of a proposed 10% auto tariff by former President Donald Trump on the U.S. automotive industry, particularly affecting Ford, Stellantis, and General Motors (GM). The tariff would apply to vehicles imported from Mexico and Canada, which could significantly increase costs for these manufacturers who rely heavily on cross-border supply chains. The article highlights concerns from industry leaders about the potential for higher vehicle prices for consumers, job losses, and a possible trade war with Mexico and Canada. Additionally, it notes that while the tariff aims to boost domestic production, it might inadvertently harm the competitiveness of U.S. automakers on the global stage.

Read the Full Fortune Article at:
[ https://fortune.com/2025/03/06/auto-tariff-ford-stellantis-gm-mexico-canada-trump/ ]