President Trump's proposed tariffs of 25% on goods from Canada and Mexico will impact American automakers variably, depending on their reliance on these countries for production and parts. Companies like Tesla and Rivian, despite significant US manufacturing presence, will still feel effects due to component imports. General Motors may face the greatest challenges, given its high volume of Mexican production. To mitigate potential losses, companies are exploring alternative sourcing strategies as they anticipate fluctuating costs amid ongoing tariff uncertainties.
"So there's plays that we can do on that perspective to minimize the impact if there are tariffs either on Canada or Mexico," Barra said at the time.
"There's a lot of uncertainty around tariffs," Tesla's Chief Financial Officer Vaibhav Taneja said in an earnings call on January 29.
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