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Trump's tariffs could quickly cut North American auto production by a third - TL;DR CNBC

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: STLAGMFNISE-FF

Keywords: automobile manufacturingtariffunited statesdonald trumpgeneral motors cobreaking news: businessautosbusinessbusiness newsmary barrastellantis nvcanadatransportationnissan motor co ltdford motor comexico

Source: https://www.cnbc.com/2025/03/04/trump-tariffs-north-american-auto-production.html


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