In the first months of chaos unleashed by President Donald Trump’s trade war, US carmakers felt far from shielded from higher tariffs that were meant to boost American manufacturers and protect them from foreign competition.
Jim Farley, Ford chief executive, described his group as “the most American company with a $2bn liability” while Stellantis chair John Elkann warned that the US car industry was being “put at risk” by the levies. General Motors was also caught in the middle of the Trump storm because of its large manufacturing operations in South Korea, Mexico and Canada for vehicles that are sold in the US.
But prospects for the so-called Big Three have recently improved.
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