Auto suppliers face more dire circumstances than automakers amid Trump tariffs
1. Proposed tariffs on auto parts could disrupt the supply chain significantly. 2. Suppliers report they cannot absorb 25% increased costs from tariffs. 3. More tariffs may lead to higher vehicle prices for consumers. 4. Suppliers lacking USMCA compliance are at heightened risk of financial distress. 5. Majority of suppliers express concerns over tariff implications on profitability.