Trump's tariffs would deal a big blow to the auto industry

Quick Summary:

The prospect of disruptive tariffs hits the industry at a perilous moment.

Virtually all automakers are struggling with sagging consumer demand, a growing preference for hybrids and electric cars, and the emergence of Chinese automakers like BYD that are pushing into markets once dominated by Japanese, American and European companies.

"Southern Ontario is closer to Detroit auto plants than the supply plants in Indiana, Ohio and Kansas are," said Erik Gordon, a professor of business at the University of Michigan, who follows the auto industry.

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Article Details

Author / Journalist: New York Times

Category: Business

Markets: IndiaCanadaChinaJapanMexicoSwitzerlandUnited States

Topics: Mexico Stellantis Canada Nissan Us automobiles Donald trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 10:28:57 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1787 words

Reading Time: 10 minutes read

Sentences: 65 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Economic Times

News ID: 23901676

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 5 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #84

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