Trump's tariffs could quickly cut North American auto production by a third
Publishing timestamp: 2025-03-04 17:37:43
Summary
President Trump's 25% tariffs on Mexico and Canada could result in a third of vehicle production in North America being cut, equating to roughly 20000 units per day. Shares of automotive stocks were down as a result of the tariffs, and automakers are trying to mitigate increased costs. The industry is facing uncertainty and potential layoffs if the tariffs are not changed or lifted.
Sentiment: NEGATIVE
Tickers: STLA, GM, F, NISE-FF,
Keywords: automobile manufacturing, tariff, united states, donald trump, general motors co, breaking news: business, autos, business, business news, mary barra, stellantis nv, canada, transportation, nissan motor co ltd, ford motor co, mexico,
Source: https://www.cnbc.com/2025/03/04/trump-tariffs-north-american-auto-production.html