· 20h · on MSN
Stellantis pledges more American cars, thanks Trump for one-month tariff exemption
Stellantis says it's aiming for more American manufacturing, thanks Trump for tariff exemption
Stellantis is thanking the Trump administration for giving it a one-month exemption from tariffs on Canada and Mexico, saying it aims to build more cars in the U.S.
Stellantis commits to ramping up U.S. manufacturing after one-month tariff exemption
· 1d · on MSN
Trump Delays Canada, Mexico Tariffs on Autos. GM, Ford, and Stellantis Stocks Rise.
· 2d
Big Automaker Stocks General Motors (NYSE:GM), BMW and Stellantis Downed as Mexico and Canada Tariffs Land
Ford, GM, Stellantis Stocks Gain As Trump Delays Mexico, Canada Auto Tariffs — But Retail Frustration Mounts Over Policy Whiplash
The White House press secretary said Trump decided to pause the 25% tariffs on auto imports after talking to officials with Ford, GM and Stellantis.
Stellantis has told its U.S. dealers the 25% tariffs on products from Mexico and Canada will put the carmaker at a disadvantage against its Asian and European peers, an email sent to its retailers showed on Tuesday.
The Big Three automakers Ford (F), General Motors (GM) and Chrysler-owner Stellantis (STLA) face a huge reduction in profits from a prolonged tariff war, according to analysts at Bernstein, adding to growing fears that an escalating trade war between the U.S. and its nearest neighbours could effectively wipe out profits for the auto industry.
A possible 25 percent levy on goods from Canada and Mexico is likely to raise the prices consumers pay for new cars and trucks, and disrupt complex supply chains.
The Trump administration is granting a one-month carveout on tariffs against Canada and Mexico for automakers, White House press secretary Karoline Leavitt announced.
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