The Detroit Three automakers are taking a big hit from the Trump administration’s tariffs, and industry experts say only one thing can stop the bleeding for the North American auto industry — a trade deal with low tariff rates for the industry.
General Motors, Ford and Stellantis have all reported tariff impacts in the billions on recent earnings calls.
Ford said on Wednesday that it took an $800-million US (about $1.1 billion Cdn) hit for the second quarter as a result of tariffs.
I know! Make them build cars no one wants like EV’s!
