Yesterday, the White House announced a one-month delay for tariffs on automotive-related trade between the U.S. and Canada and Mexico.
Read the latest statement from MichAuto on what this means for the state’s signature industry and the economy overall.
“While another postponement of the White House’s proposed tariffs on automotive-related trade between the U.S. and Canada and Mexico is somewhat of a reprieve for the industry, damage has already been done. For an industry that operates in three-to-five-year product cycles, this level of day-to-day uncertainty is debilitating.
MichAuto will advocate for all of the proposed tariffs, across industries, to be rolled back in the interest of the state and nation’s economic prosperity. With Michigan’s global automotive and economic competitiveness on the line, lifting these tariffs is the necessary path forward.”
Glenn Stevens Jr., Executive Director, MichAuto; Vice President, Automotive and Mobility Initiatives, Detroit Regional Chamber