US Car Tariffs Impact: Potential Sales Drop and Production Cuts Loom

Edited by: Katya Palm Beach

  • US tariffs on imported aluminum and steel continue to affect the automotive industry.

  • Potential exemptions for some companies are under consideration, but it's unclear if automakers are included.

  • Michigan's Governor advocates for exempting auto production from tariffs.

  • Forecasts predict a potential sales decrease of 1.8 million vehicles in the US and Canada this year if trade war escalates.

  • New 25% tariffs on auto parts imports are set to take effect by May 3.

  • Stellantis temporarily shut down production in Mexico and Canada, impacting five US plants and leading to temporary layoffs of 900 US workers.

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