GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as 'chaos'
Publishing timestamp: 2025-02-11 15:03:14
Summary
General Motors believes it can mitigate up to 50% of potential North American tariffs threatened by President Donald Trump on imports from Canada and Mexico. Ford CEO Jim Farley said Trump's tariffs and threats are causing "chaos" for U.S. automotive industry. Both companies are evaluating the impact of tariffs on their businesses. Farley is concerned about potential duties on goods from Mexico and Canada, while Ford is underperforming after news of Buffett's exit.
Sentiment: MIXED
Keywords: transportation, donald trump, breaking news: politics, general motors co, mary barra, canada, donald j. trump, toyota motor corp, business, trade, business news, hyundai motor co, united states, politics, autos, breaking news: business, detroit, ford motor co, mexico,
Source: https://www.cnbc.com/2025/02/11/ford-ceo-says-trumps-tariffs-are-causing-chaos-in-auto-industry.html