Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
Automakers looked forward to his return to the presidency only to find themselves struggling under the weight of his tariff threats.
The electric car company led by Elon Musk builds all the cars it sells in the United States in California and Texas, shielding it from tariffs that could devastate competitors.
The executive, Jim Farley, said President Trump’s tariff and auto policies would raise costs and could force the automaker to cut jobs.
The president’s impulsive tariffs are a symptom of a deeper challenge to U.S. manufacturing.
Los aranceles podrían ser un duro golpe para el mayor productor de autos en México y aumentarían los precios de muchos vehículos vendidos en Estados Unidos.
General Motors, the largest producer of cars in Mexico, won’t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.
BYD y otros fabricantes están importando automóviles de China y explorando fábricas en México como parte de una expansión global que, por ahora, excluye a Estados Unidos.
BYD and other manufacturers are importing cars from China and scouting factory sites in Mexico as part of a global expansion that, for now, excludes the United States.
Plus, cartels target seniors who own timeshares.