GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as 'chaos'

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The U.S. manufacturer General Motors hopes to mitigate up to 50% of the tariffs that President Donald Trump threatens to impose on imports from Canada and Mexico. Detroit-based brand has contingency plans ready for the event that tariffs are imposed on auto parts and vehicles entering the United States from the two neighboring countries. "That includes potentially avoiding short-term impacts of between 30% and 50% of the additional costs," said …

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Marry Barra, executive director of General Motors (GM), said the company hopes to mitigate up to 50% of the potential tariffs that US President Donald Trump threatens to apply to imports from Canada and Mexico. Barra stressed that the car manufacturer already has contingency plans to use them in case tariffs are imposed on auto parts and vehicles entering the United States from Mexico and Canada. This includes potentially avoiding short-term imp…

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GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as 'chaos'

President Donald Trump greets General Motors CEO Mary Barra (R) In addition to the American Vice President Mike Pence (L) Prior to a meeting with leaders of the car industry in the Roosevelt room of the White House in Washington, DC, January 24 2017. Saul Loeb | AFP | Getty images Detroit – General Motors […]