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The Guardian

Trump’s promise to tax imported goods could spell trouble for US auto industry

The Guardian by wa-news on The Guardian 20 views
Trump’s promise to tax imported goods could spell trouble for US auto industry

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Automakers face uncertainty as top-selling vehicles, such as the Ford F-150 truck, are sourced from around the globeFew vehicles are as emblematic of the American auto industry’s might as the Ford F-150 pickup truck, the nation’s best-selling vehicle for over 40 years. But the F-150 is much less American than its image suggests. A fact that could present unique challenges for the company as Donald Trump moves to Make America Great Again.Only about 32% of its components are made in the US or Canada, federal data shows, and that could spell trouble if Trump’s proposed tariffs on imported goods are implemented. Even less of the F-150 Lightning electric truck is made in the US – about 24%, a Cars.com analysis of federal data showed. Continue reading…

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Source link : https://www.theguardian.com/business/2024/dec/07/trumps-tariffs-auto-industry-ford

Author : Tom Perkins in Detroit

Publish date : 2024-12-07 14:00:27

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Tags : The Guardian

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