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