GM CEO met Trump amid tariff fight, White House says

Reuters
2025/03/14
UPDATE 2-GM CEO met Trump amid tariff fight, White House says

Adds GM comment, Ford chief's remarks; paragraphs 4,7

By David Shepardson

WASHINGTON, March 13 (Reuters) - President Donald Trump met General Motors GM.N CEO Mary Barra on Wednesday to discuss the automaker's investment plans amid his tariff war, a White House official told Reuters.

In meetings with automakers, Trump and Commerce Secretary Howard Lutnick have said they want the industry to move more assembly and production of parts to the United States.

Trump last week agreed to exempt automakers for a month from his punishing 25% tariffs on Canada and Mexico so long as they complied with existing free trade rules.

The decision followed a telephone call with Barra, Ford F.N CEO Jim Farley and Stellantis STLAM.MI chair John Elkann.

On Thursday, Trump told reporters of Barra's visit the previous day, adding, "They want to invest $60 billion."

The period over which any new spending may occur is unclear. Automakers have told the White House they need certainty about policies on tariffs and vehicle emissions before they can make significant changes in North American investment plans.

Asked about the meeting, a GM spokesperson said, "We share President Trump's goals of a strong and competitive American manufacturing base and economy."

This week Trump imposed bulked-up tariffs on steel and aluminum, affecting nearly $150 billion worth of products made from the metals, ranging from cars to bulldozer blades.

The metals tariffs were hiked to an effective increase of 25% as prior exemptions, exclusions and quotas expired.

Last month, Ford's Farley warned that in the long term, a tariff of 25% across the Mexican and Canadian borders would "blow a hole" in the U.S. industry never before seen.

The American Automotive Policy Council, which represents the Detroit Three automakers, said domestic automakers buy the vast majority of their steel and aluminum in the United States or North America.

However, it flagged concerns that specifically revoking exemptions for Canada and Mexico would add significant costs for their suppliers.

Last week, Stellantis told dealers it was prepared to work with Trump to support further investment in U.S. manufacturing operations but needed time for changes that did not hurt the business and customers.

Trump has also threatened new reciprocal tariffs on April 2 that could drastically boost the costs of vehicles imported from Europe, Japan and South Korea.

(Reporting by David Shepardson; Editing by Diane Craft)

((David.Shepardson@thomsonreuters.com; 2028988324;))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10