“GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as ‘chaos’”
February 12, 2025
“General Motors believes it can mitigate up to 50% of potential North American tariffs threatened by President Donald Trump on imports from Canada and Mexico, CEO Mary Barra said Tuesday.
That includes GM potentially avoiding short-term impacts of between 30% and 50% of the additional costs “without deploying any capital.”
Earlier in the day, Ford CEO Jim Farley said Trump’s tariffs and threats are causing “chaos” for the U.S. automotive industry…”
https://www.cnbc.com/2025/02/11/ford-ceo-says-trumps-tariffs-are-causing-chaos-in-auto-industry.html
GM let me tell you a secret. Come here. Get real close I don’t want anyone to hear our little secret. You can mitigate 100% of the tariffs by using local supply chains. Hire local, build local, ship local. It’s not rocket science.