Part 5/9:
In light of these developments, Trump has also voiced intentions to possibly impose a 100% tariff on vehicles from Canada, ramping up the level of concern further. Farley emphasized that long-term tariffs of this nature would create a void in the U.S. automotive industry that could take years to recover from.
General Motors' Response
General Motors’ CEO, Mary Barra, acknowledged the potential impacts of tariffs but expressed a somewhat more optimistic perspective. She stated that GM has been proactively scenario planning and exploring operational changes to mitigate the tariff ramifications. The automaker has initiated efforts to accelerate vehicle deliveries from its Mexican and Canadian facilities in anticipation of these tariffs taking effect.