Source: Fortune
Summary
The American Automotive Policy Council, representing General Motors, Ford Motor, and Stellantis, has asked the White House to protect them from new tariffs that President Donald Trump plans to impose after the Supreme Court struck down most of his global duties. The automakers are facing billions of dollars in additional costs from Trump’s tariffs and are seeking to preserve a framework that prevents multiple import taxes on vehicles and parts.
Our Reading
The numbers tell one story.
Detroit’s automakers are seeking protection from new tariffs, which could add billions of dollars in costs. General Motors, Ford Motor, and Stellantis are represented by the American Automotive Policy Council. The council has sent a letter to Trump’s trade team, seeking to preserve a framework that shields them from multiple import taxes. The White House has not yet responded. Trump plans to impose a 10% levy on foreign goods and order trade investigations to enact more permanent tariffs.
The automakers are playing defense against the tariffs, trying to preserve a fragile exemption.
Author: Evan Null
