Trump tariff drama carries high stakes for US automakers, car buyers
Budget with ET
Tax calculator
Trump reiterated on the weekend he would impose 25% tariffs this week on goods from Mexico and Canada — including on vehicles made by General Motors and Volkswagen — but delayed a decision for a month after discussions with each country's leader. Such tariffs would cause «dramatic and immediate» financial fallout for U.S. automakers and other companies manufacturing vehicles in Mexico and Canada to sell in the U.S., said Sam Fiorani, vice president at research firm AutoForecast Solutions.
The uncertainty over Trump's threat has left the industry largely unable to take substantive action to mitigate potential damage, lest the regulatory landscape change with the president's next social media post.
«Do you want to invest in a U.S. production line for a policy that might be reversed in four years' time — or maybe even tomorrow?» said Andy Palmer, CEO of consultancy Palmer Automotive.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Master in Python Language Quickly
