Automotive suppliers are advised to prepare for potential tariff changes as President-elect Trump takes office, particularly regarding imports from Canada and Mexico, which could significantly impact supply chains. Experts highlight that Trump’s proposed tariffs might raise costs and complicate logistics, given the intertwined nature of production across borders. Suppliers should analyze their supply chains, ensure correct product classifications, and consider tariff engineering or production shifts to mitigate risks. Engaging with policymakers is also crucial, as ongoing tariffs may persist despite political changes.

Source: https://www.supplychaindive.com/news/trump-tariffs-canada-mexico-automotive-parts-suppliers/737685/