Atradius’ Post

🚗 How could US tariffs impact the global automotive industry? 📈 The global automotive industry has a projected growth of 2.1% in 2025. 🌍 In Europe, suppliers face mounting pressure from shrinking margins and rising insolvencies. 👉 see our report here: https://brnw.ch/21wOMbH

With the results in for the 2024 US presidential election, the North American automotive supply chain is facing a new wave of uncertainty. Key issues like the USMCA, looming tariffs, rising labour costs in Mexico and the growing presence of Chinese investment are all set to reshape the industry. Insights from Mike Wall, executive director of automotive analysis at S&P Global, highlight that tariffs on Mexico imports will be a critical area of focus, with potential consequences for the entire supply chain. As he puts it, “Mexico trade with the US, and Canada but particularly the US, has been ingrained for the last 20-25 years." As the automotive sector braces for the impact of these shifting policies, staying informed and agile will be key. Dive into the full article to explore how these developments could shape the future of the industry. #USMCA #Tariffs #SupplyChain #ChineseInvestment #LabourCosts #TradePolicy #USElection #AutomotiveLogistics #ALSCMEXICO Christopher Ludwig Emily Uwemedimo Megan Kelly Marcus Williams Anushka Dixit Riad Mannan Richard Logan İlkhan Ozsevim

🚗 Trump’s proposed tariffs on imports could hit the automotive industry hard. 🌐 Higher tariffs may disrupt global supply chains, leading to rising production costs and pricier cars for consumers. 📈 Trade tensions with partners like Canada, Mexico, and the EU could spark retaliatory tariffs, adding pressure. 🔄 While U.S. automakers might benefit from less foreign competition, higher parts costs could offset this, impacting prices and jobs. 🛠️ Overall, the industry could face big challenges adapting to these new trade dynamics. ⚙️

The conversation around proposed tariffs in 2024 has the automotive industry paying close attention. With tariffs on imports—including a potential 60% on Chinese goods—being discussed, here’s a look at how they could affect automotive suppliers: Opportunities: Higher tariffs might make U.S.-produced parts more competitive, encouraging manufacturers to source domestically. This shift could boost demand for local suppliers, strengthen domestic supply chains, and drive investments in new manufacturing technologies and R&D. Challenges: Suppliers relying on imported materials like steel, aluminum, or electronics could face increased costs. These added expenses may pressure margins or lead to higher prices for manufacturers, which might ultimately affect vehicle affordability. Considerations: Tariff changes could also disrupt global supply chains or lead to retaliatory tariffs from other countries. These factors might complicate international trade and impact the flow of goods throughout the automotive ecosystem. How Insequence is Responding: At Insequence, we’re closely monitoring these developments. With our expertise in supporting over 400 supplier locations globally, we’re ready to help our partners adapt to potential changes with flexible and efficient solutions. As the industry evolves, we remain committed to helping suppliers navigate challenges and seize new opportunities. #AutomotiveIndustry #Tariffs #Manufacturing #SupplyChain #Insequence

With President Trump back in office, global trade faces renewed uncertainty due to proposed tariffs set to reshape supply chains. From 25% tariffs on goods from Canada and Mexico to 10% tariffs on imports from China, businesses are under pressure to adapt quickly. The ripple effects on industries like automotive manufacturing, machinery, and electronics are already being felt. In our latest blog, we dive into how these tariffs will impact U.S. industries, why businesses must rethink sourcing strategies, and the role of real-time visibility technology in navigating these disruptions. Read the full blog here ➡️ https://hubs.la/Q033jgph0 #SupplyChain #SupplyChain Visibility #Tariffs #GlobalTrade #RealTimeVisibility #Logistics #BusinessStrategy #TradePolicies #SupplyChainManagement

With President Trump back in office, global trade faces renewed uncertainty due to proposed tariffs set to reshape supply chains. From 25% tariffs on goods from Canada and Mexico to 10% tariffs on imports from China, businesses are under pressure to adapt quickly. The ripple effects on industries like automotive manufacturing, machinery, and electronics are already being felt. In our latest blog, we dive into how these tariffs will impact U.S. industries, why businesses must rethink sourcing strategies, and the role of real-time visibility technology in navigating these disruptions. Read the full blog here ➡️ https://hubs.la/Q033jgc-0 #SupplyChain #SupplyChain Visibility #Tariffs #GlobalTrade #RealTimeVisibility #Logistics #BusinessStrategy #TradePolicies #SupplyChainManagement

New trade barriers are on the horizon. The U.S. has already implemented extra tariffs on $18 billion of Chinese imports, impacting key sectors like EVs, batteries and semiconductors. The introduction of these tariffs presents hurdles for the supply chains of Chinese companies, but it also opens profitable avenues for tax-efficient business transformation. In this latest alert, A&M's Andy Winthrop, Eu-Kim Chan, Sean Zhang and Stephanie Su explain how firms can proactively tackle these challenges and pursue sustainable growth. Read more: https://okt.to/riUNCw #AsiaTax #SupplyChain

With President Trump back in office, global trade faces renewed uncertainty due to proposed tariffs set to reshape supply chains. From 25% tariffs on goods from Canada and Mexico to 10% tariffs on imports from China, businesses are under pressure to adapt quickly. The ripple effects on industries like automotive manufacturing, machinery, and electronics are already being felt. In our latest blog, we dive into how these tariffs will impact U.S. industries, why businesses must rethink sourcing strategies, and the role of real-time visibility technology in navigating these disruptions. Read the full blog here ➡️ https://hubs.la/Q033jlch0 #SupplyChain #SupplyChainVisibility #Tariffs #GlobalTrade #RealTimeVisibility #Logistics #BusinessStrategy #TradePolicies #SupplyChainManagement

With President Trump back in office, global trade faces renewed uncertainty due to proposed tariffs set to reshape supply chains. From 25% tariffs on goods from Canada and Mexico to 10% tariffs on imports from China, businesses are under pressure to adapt quickly. The ripple effects on industries like automotive manufacturing, machinery, and electronics are already being felt. In our latest blog, we dive into how these tariffs will impact U.S. industries, why businesses must rethink sourcing strategies, and the role of real-time visibility technology in navigating these disruptions. Read the full blog here ➡️ https://hubs.la/Q033jvbt0 #SupplyChain #SupplyChain Visibility #Tariffs #GlobalTrade #RealTimeVisibility #Logistics #BusinessStrategy #TradePolicies #SupplyChainManagement