Implemented or not, Trump's 25% tariff threat is challenging the auto industry

[Wicked Blue]

Source: NBC

DETROIT — As President Donald Trump’s threat to impose 25% tariffs on imports from Canada and Mexico as soon as Saturday looms, the global automotive industry is collectively holding its breath.

For months, automakers have been taking a “wait-and-see” approach to the Trump administration’s potential tariffs. Trump promised to impose duties upon his inauguration this month, then he set a target date of Feb. 1 for levies on the key U.S. trading partners.

Regardless of whether Trump imposes tariffs, automakers such as General Motors — the top seller in the U.S. — want clarity so they can plan their business around the policy.

-snip-

Uncertainty about trade took a toll on GM on Tuesday, when the automaker’s stock had one of its worst days in years even after it beat Wall Street’s expectations for its 2025 guidance and its top- and bottom-line for the fourth quarter.

Read more: https://www.nbcnews.com/business/autos/implemented-not-trumps-25-tariff-threat-challenging-auto-industry-rcna190169

[BOSSHOG]

1. Trump, the master of bankruptcy

Ignorance, racism, felonies, hatred. He will bring himself down. With collateral damage. Hopefully his legacy will be the end of the party of monsters.

[Botany]

2. Insanity

Chrysler Plant in Windsor, Ontario where a lot of the employees live in America and work on
both sides of the border. We have people who live in Canada and work at US auto plants in
the states part of the time too.

A Ford that was built in Mexico.

[boonecreek]

5. Ford also has 2 engine plants in Windsor;

the Windsor and the Essex plants. So, does this mean there will
be tariffs on domestic cars?
I'm sure Trump has thought all this through.

[Botany]

6. I met an autoworker from the Detroit area who lives in Michigan and worked for Chrysler 1/2 the time in Michigan ....

... and 1/2 the time in Ontario as per needs of the auto plants. He told me that he had Canadian friends
who worked both sides all the time. The value of the cross border trade between Metro Detroit and the
Windsor Area is in the billions per year not counting the paychecks and he told me that on both sides they
have all kinds of high quality tool and dye shops to meet the needs of the auto industries too. Say a Ford
plant in Michigan needs some kind of fabricated part and they order it from a shop in Windsor now are they
going to pay 25% more for that "widget?"

I think Trump is doing this to crash both economies.

[Old Crank]

3. This is abrogating the treaty he negotiated and signed.

He is tearing up his own word. (Granted, he didn't change the original NAFTA much.)
If he does this he will prove that the US can't be trusted as a trading partner.

[Yavin4]

4. automakers, y'all were cool with Trump when he was being racist, but now...

now, you gotta problem because he's messing with your money. Is that it?

[Emile]

7. Donny The Quicker Fucker Upper