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FCA Readies “Massive” Contingency Plan for U.S. Import Tariff
Fiat Chrysler Automobiles NV tells Automotive News Europe it is preparing a “massive” contingency plan for the likelihood that President Donald Trump will impose a 20%-25% import tax on foreign-made vehicles.
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Fiat Chrysler Automobiles NV tells Automotive News Europe it is preparing a “massive” contingency plan for the likelihood that President Donald Trump will impose a 20%-25% import tax on foreign-made vehicles.
Bob Lee, the powertrain member of the company’s 25-member Group Executive Council says the planning covers supply chain, logistics and production site assignments worldwide.
Trump seeks to justify the new tax as a move to protect U.S. security. He used the same rationale last month when the White House added import taxes of 25% on steel and 10% on aluminum.
Many carmakers have warned that hiking U.S. tariffs on all foreign-made vehicles will raise prices, reduce model choices and lead to significant job losses for American workers.
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