Global auto and parts manufacturers scrambled on Friday to make contingency plans and look at ways of speeding some deliveries after U.S. President Donald Trump threatened new tariffs on all Mexican imports starting early next month.
Companies based in North America, Asia and Europe were holding conference calls and meetings to explore if they could move up certain shipments of parts and vehicles to mitigate tariffs on Mexican goods, auto executives and trade group officials said.
Those tariffs were set to begin at 5 percent on June 10 and rise from there - to 10 percent on July 1 and ultimately hitting 25 percent on Oct. 1 “unless Mexico substantially stops the illegal inflow of aliens coming through its territory,” Trump said Thursday...
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