Automakers aren’t rushing to move production to US factories to avoid tariffs

A lot of costs, and a lot of chaos

While automakers are seeing “a lot of cost and a lot of chaos” from Trump’s tariff threats, as Ford CEO Jim Farley said at an investor conference last month, they’re still not going to build new plants. At least not immediately.

Part of that is because Trump’s on-again-off-again levies don’t provide the certainty that automakers need to invest billions of dollars in new plants.

“If they become permanent, then there’s a whole bunch of different things that you have to think about, in terms of where do you allocate plants, do you move plants, etc,” General Motors CFO Paul Jacobson told investors last month.

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