Trump's tariff threat spurs auto suppliers to rethink production plans

Quick Summary:

These tariffs could range up to 60%, significantly affecting the cost-effectiveness of auto parts from lower-cost markets, particularly China.

Companies are preparing contingencies and assessing supply chain shifts.

Major suppliers responded to U.S.protectionism and massive supply-chain shocks during the coronavirus pandemic by localizing production to avoid parts shortages or the risk of border taxes.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: IndiaBrazilCanadaChinaJapanMalaysiaMaliMexicoUnited States

Topics: Honda production plans Supply Bosch Panasonic energy Joe Biden Tariff Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 09:53:28 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1515 words

Reading Time: 9 minutes read

Sentences: 43 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 25026551

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 3 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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