The administration of President Donald Trump met Tuesday with the leaders of the General Motors (GM), Ford and Stellantis, Stellantis, The three American manufacturersto address the situation created in the sector before The imposition of 25 % tariffs that Washington began to apply to trade with Mexico and Canada.
The possible delay for the automobile sector, one of the most affected by the commercial war in North America, generated this Wednesday a rise in the values of the three manufacturers in the markets.
The US automobile sector, Canada and Mexico is fully integrated, and some parts used for vehicle manufacturing They cross the borders up to eight times during the manufacturing process.
S&P Global Mobility He pointed out on Tuesday that tariffs of Trump could cause 33 % of production reduction In North America in just a week.
The firm indicated that every day 63 thousand 900 cars are produced in North America (65 % in the US, 27 % in Mexico and 8 % in Canada) and that Manufacturers could try to mitigate the effects of tariffs reducing their production.
Also read: Donald Trump says that the US will fight a war against Mexican posters