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Trump's China tariff increase will affect Ford and GM vehicles, billions of dollars in auto parts

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The move to put 10% additional tariffs on imports from China will affect a small number of U.S. vehicles, but increased costs of auto parts could affect already heightened car prices. The biggest impact on vehicles will be on Ford Motor's Lincoln Nautilus and General Motors' Buick Envision.
The article from MSN discusses the potential impact of former President Donald Trump's proposed increase in tariffs on Chinese imports, particularly focusing on the automotive industry. If implemented, these tariffs could significantly affect Ford and General Motors (GM) due to their reliance on auto parts from China. The proposed tariffs aim to reduce the trade deficit with China but could lead to increased costs for American car manufacturers, potentially resulting in higher vehicle prices for consumers or reduced profit margins for the companies. The article highlights that billions of dollars worth of auto parts could be affected, which might disrupt supply chains and increase production costs. Additionally, it mentions the broader economic implications, including potential retaliation from China and the effects on global trade dynamics.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/trump-s-china-tariff-increase-will-affect-ford-and-gm-vehicles-billions-of-dollars-in-auto-parts/ar-AA1ytHCl ]