Industry News – February 2025
Tariffs, Tariffs, Tariffs…
The media brings us daily tariff announcements and there has been much written on the topic. How will this moving target impact the automotive industry, fleet, and you? The 25% tariffs for Canada and Mexico have been paused for 30 days. The most recently announced tariffs on steel and aluminum will begin on March 12th and further tariffs impacting the auto industry are scheduled for April 2. Added to that are the proposed reciprocal tariffs which would impact European vehicles exported to the US. For deeper insight, we’ve curated some recent articles.
As the future of tariffs is still a work in progress, OEMs are looking at revising their supply chains to minimize exposure. Read about the strategy of one manufacturer.
The big question is how tariffs will impact our industry. In this short article, KBB weighs in. Read More.
With the tariffs on Mexico and Canada paused, what is the impact of the 10% tariff imposed on China? Automakers are evaluating their parts sourcing. Read more.
And one more note on changes in the current administration. Where will the evolution to EVs land if mandates are removed? Read this AF analysis.