America’s automakers aren’t rushing to move production to US factories to avoid tariffs
CNN
President Donald Trump has said that automakers can avoid his tariffs by simply moving production to American plants. But it’s not that easy. Not by a long shot.
President Donald Trump has said that automakers can avoid his tariffs by simply moving production to American plants. But it’s not that easy. Not by a long shot. A wide variety of tariffs have either already hit, or are about to hit, the auto industry, potentially adding thousands of dollars to the cost to build and buy a new car. Duties of 25% on steel and aluminum imports went into effect this week, and levies on cars from Asia and Europe are set to go into effect next month. Perhaps most damaging to automakers, import taxes on all goods, including cars and parts imported from Canada and Mexico, have been announced – and put on hold – twice since Trump took office, and are set to be put in place once again in April. The Trump administration has listened to pleas from automakers to spare them from tariffs, and said there’s an easy answer – just build cars in the United States. “He told them they should get on it, start investing, start moving, shift production here to the United States of America, where they will pay no tariff,” White House Press Secretary Karoline Leavitt said earlier this month, after Trump delayed tariffs on most Canadian and Mexican goods from taking effect for a month. “That’s the ultimate goal.” Although the administration suggests such a shift can be accomplished quickly – and without a downside – that’s far from the truth. While automakers are seeing “a lot of cost and a lot of chaos” from Trump’s tariff threats, as Ford CEO Jim Farley said in comments at an investor conference last month, they’re still not going to build new plants, at least not immediately.
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