....the US auto industry is facing headwinds, Trump isn't helping instead making things worse.
....so expect a protracted winter for the auto supply industry including lithium. GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as ‘chaos’
Published Tue, Feb 11 202510:03 AM ESTUpdated Tue, Feb 11 20252:55 PM EST
Key Points
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, CEO Mary Barra said Tuesday.
That includes GM potentially avoiding short-term impacts of between 30% and 50% of the additional costs “without deploying any capital.”
Earlier in the day, Ford CEO Jim Farley said Trump’s tariffs and threats are causing “chaos” for the U.S. automotive industry.
