Foley & Lardner LLP partner Ann Marie Uetz shared insights on how new tariffs are impacting supply chains and the automotive industry in a Bloomberg live blog covering all aspects of the Trump administration’s tariff announcement and rollout, and the Crain’s Chicago Business article, “Now comes the hard part: Sifting through the Trump tariff wreckage.”
With the 25% sectoral tariff taking effect, “suppliers are now stepping up negotiations with carmakers to share the tariff burden,” said Uetz. “Suppliers are not [going to] sit by and just eat this and not get recovery from their customers.”
She advises that the full impact may not be immediate, and “it may take anywhere from 30 to 90 days for higher costs to be passed through the auto industry, since many manufacturers stocked up on pre-tariff inventories.”
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