How one of the largest auto suppliers in the world is preparing for Trump's tariffs [BNN Bloomberg (Canada)]
General Motors Company (GM)
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“We've had a series of black-swan events,” Kotagiri said. “Our industry really prospers with certainty and cadence and stability. And that's what's been missing in the last four years.” The vastness of Magna's facility in Michigan underscores its role as a key cog in the intricate global auto supply chain. The company has 59 facilities in the United States, 50 in Canada, and another 33 in Mexico, part of the legacy of the 1990s North American Free Trade Agreement that produced a highly intertwined system of sending parts from one country - and then back again - to produce cars in some of the world's largest markets. But Kotagiri and other leaders of auto companies are now facing an upended industry. President Donald Trump's 25 per cent tariffs on foreign auto imports announced at the end of March are expected to raise consumer prices, reduce demand and hit job growth. Magna, with more than 170,000 employees across 28 countries, dwarfs most of its large customers, including the li
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