Reported about 15 hours ago
As President-elect Donald Trump pledges significant tariffs on foreign imports, global auto suppliers are reassessing their production locations, favoring closer operations to the U.S. This follows years of U.S. protectionism, with manufacturers exploring options to shift production from low-cost countries like China and Mexico to areas like Mexico and Brazil to mitigate potential tariff impacts. Companies like Bosch and Panasonic are already considering changes to avoid the financial repercussions of high tariffs, with many suppliers waiting to finalize plans until Trump's administration officially begins.
Source: YAHOO