Partner Katie Hilferty and associate Casey Weaver were quoted in Supply Chain Dive discussing how automotive suppliers can prepare for potential trade agreement renegotiations with and tariffs levied against Canada and Mexico under the incoming Trump-Vance administration.
“In addition to a proposed 25% tariff generally on all imports from Canada and Mexico, President-elect Trump has suggested that he will invoke the six-year renegotiation provision of the U.S.-Mexico-Canada Agreement to make changes to that agreement, specifically targeting the automotive provisions for review,” Katie and Casey said. “Depending on how these proposals are realized, supply chains in Canada and Mexico could become significantly more expensive under increased tariffs and thus less desirable for U.S. automakers and U.S. based assembly plants.”