Monday, March 17, 2025 | 04:13 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Renegotiating Nafta: Trump's trade moves put US auto industry in a fix

The auto industry is among the sectors most vulnerable to trade disruptions because its business model is increasingly global, in terms of both production and sales

US automobile industry
Premium

Jim Tankersley & Ana Swanson | NYT Washington
US President Donald Trump frequently talks about reviving the American auto industry, but his approach to trade policy may backfire on the country’s carmakers. 

 Trump’s efforts to renegotiate the North American Free Trade Agreement (Nafta), to impose tariffs on imported aluminium and steel and to reduce America’s trade deficit with China could limit the reach of companies that produce cars in the US and depend on access to growing markets outside the country.

On Friday, the chief executives of the biggest automakers plan to meet with the president at the White House. The gathering comes at a critical moment, as Trump administration

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in