General Motors CFO Paul Jacobson said on Wednesday at a Barclays conference that if U.S. tariffs became permanent, the company would have to consider moving plants, but also said it had not made those decisions yet.
GM and other automakers are closely monitoring how tariffs on vehicles and parts from Canada, Mexico and elsewhere will impact their business. GM executives have said they’ve been moving more inventory across borders ahead of tariffs potentially hitting and are evaluating other actions to mitigate costs on the business.
President Donald Trump on Tuesday said he will introduce a 25 percent tariff on automobiles starting in April. He also introduced and then delayed for a month 25 percent tariffs on goods from Mexico and Canada….