President Donald Trump is unlikely to sign a 25 percent tariff on automotive imports on April 2, according to reports by Bloomberg and The Wall Street Journal.
The auto industry used to think tariffs would be a passing nuisance. That's no longer the case.
Tariffs and the threat of growing trade wars could test the auto industry's supply chain resilience even more than the pandemic and microchip shortage did.
U.S. suppliers are concerned steel and aluminum tariffs will make them less efficient and outmatched on the global stage, according to a recent MEMA survey.
Costs are likely to rise even for companies that source steel and aluminum domestically. Quickly changing sources could be difficult, analysts said.
Steel and aluminum tariffs went into effect March 12. Here's what they could mean for the auto industry, one of the largest consumers of steel and aluminum worldwide.
Before the U.S. tariffs on Canada and Mexico go into effect, here's the latest on what the Trump administration's moves mean for the auto industry.
Day-to-day changes in trade rules and mixed messaging from the Trump administration are weighing down automakers and suppliers, executives and analysts said.
Moving factories to the U.S. because of tariffs would take years, suppliers say. Some may move production out of North America entirely.
Modern automotive trade in North America dates back nearly 60 years and has largely grown since. Here is a look at how it has evolved.