Detroit automakers warn USMCA revamp could cost billions

Detroit automakers warn USMCA revamp could cost billions

Detroit's automakers plan to argue to the Trump administration that its proposals for a revised North American trade deal could cost them billions of dollars and hurt their competitiveness. They are struggling with tariffs on steel, aluminum, parts, and vehicles, while rivals from Japan, South Korea, and Europe face lower burdens. Ford has moved Lincoln production to the U.S. from China, signaling commitment to domestic manufacturing.

Source: Reuters

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