US President Donald Trump’s recent tariff announcements have thrown global trade and industries into a tailspin, and no different is the auto industry and its downstream duly engrossed in measuring its impact on them. Among those caught in the vortex unawares are the domestic players in the US auto and allied spectrum.
Highlights
• Tires not listed under 25% duty or 10% baseline duty
• Annexe II, which refers to tariff exclusions, mentions rubber
• Stellantis halts its Canada, Mexico production