AsianFin -- As U.S. President-elect Donald Trump’s tariff threats loom, global auto suppliers are evaluating how much of their production can be shifted to the United States or nearby regions to mitigate potential tariff impacts, industry executives at CES in Las Vegas revealed.
The auto sector has already faced eight years of U.S. protectionist measures, including both actual and threatened tariffs during Trump’s first term, as well as additional tariffs and the U.S. Inflation Reduction Act under President Joe Biden. Many of these actions have been primarily targeted at China, such as the Biden administration’s proposal to prohibit Chinese software and hardware from being used in vehicles on U.S. roads.