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Chevy, Ford Could Be Sideswiped by Trump's Import Tariffs

Chevy, Ford Could Be Sideswiped by Trump's Import Tariffs

Chevy, Ford Could Be Sideswiped by Trump's Import Tariffs

The U.S. investigation into whether auto imports pose national security risks could have unintended consequences. While General Motors Co.’s Chevrolet and Ford Motor Co.’s namesake brand are among the leading purveyors of U.S.-built vehicles, they’re also among the top-five brands selling autos shipped into the country from other markets. Almost 40 percent of the Chevys and 20 percent of the Fords sold in the U.S. this year will have been assembled outside America, according to LMC Automotive. The Trump administration is said to be considering tariffs of as much as 25 percent on imported vehicles.

    Published at Wed, 30 May 2018 19:00:41 +0000

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