Feb 03 2025 21 mins
This podcast comes on the heels of a whirlwind weekend of tariff headlines from Washington, DC, and reactions around the globe. It begins with news of the tariff “reprieve” for imports from Canada and Mexico and quickly turns to the impact of such tariffs on the North American vehicle and vehicle parts industries.
President and CEO of Global Automakers Canada David Adams joins Birgit to take stock of what has been (officially) announced and what lies ahead from Ottawa, Washington, and Mexico City. Listeners are encouraged to check out ArentFox Schiff’s Trump Tariffs 2.0: The Tariff Tracker and our latest alert, Trump Tariff Headlines – From Talk to Action.
Takeaways
The recent tariff announcements have created significant uncertainty in the vehicle and parts sector and industry leaders should be in full contingency planning mode.
The automotive industry in North America is highly integrated, complicating the impact of tariffs and tariff retaliation.
The United States-Mexico-Canada Agreement has historically benefited all three countries involved and its scheduled six-year “review” in 2026 looms over these tariff announcements. What do these tariffs portend?
Bottom line — executives are looking for options and they need to understand their tariff exposure. The month ahead gives executives and industry leaders time to self-assess and seek expert insight, well before the “11th hour.”
President and CEO of Global Automakers Canada David Adams joins Birgit to take stock of what has been (officially) announced and what lies ahead from Ottawa, Washington, and Mexico City. Listeners are encouraged to check out ArentFox Schiff’s Trump Tariffs 2.0: The Tariff Tracker and our latest alert, Trump Tariff Headlines – From Talk to Action.
Takeaways
The recent tariff announcements have created significant uncertainty in the vehicle and parts sector and industry leaders should be in full contingency planning mode.
The automotive industry in North America is highly integrated, complicating the impact of tariffs and tariff retaliation.
The United States-Mexico-Canada Agreement has historically benefited all three countries involved and its scheduled six-year “review” in 2026 looms over these tariff announcements. What do these tariffs portend?
Bottom line — executives are looking for options and they need to understand their tariff exposure. The month ahead gives executives and industry leaders time to self-assess and seek expert insight, well before the “11th hour.”