The U.S. auto industry is preparing for the impact of new trade policies, including 25 percent tariffs, set to take effect in April after a 30-day delay.
The new tariffs pose a significant challenge for the "big three" U.S. automakers—Ford, Stellantis, and General Motors. With many vehicles and auto parts crossing the U.S.-Canada-Mexico border multiple times, the tariffs could dramatically increase costs for cross-border traffic.
While the full impact of the tariffs may take time to unfold, experts warn the fallout could be felt across various industries in Michigan. A recent study by Fitch Ratings highlighted that Michigan's economy would likely be the hardest hit in the U.S., with 19 percent of its imports coming from Canada, Mexico, and China.
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