Tariff Threat Prompts Automakers to Find New Suppliers, Consider Higher Prices
In This Article:
Thomas Kowal runs a small company that imports materials from Mexico to make center consoles, spare-tire carriers and other truck and van parts. Executives crunched numbers on the cost of switching to a few U.S.-based suppliers. A 25% tariff on goods from Mexico “would be absolutely devastating to our business,” said Kowal, chief executive of Leggera Technologies, a 115-person company that makes magnesium-based car components.
Terms and Privacy Policy