{"id":20966,"date":"2025-01-28T10:30:04","date_gmt":"2025-01-28T11:30:04","guid":{"rendered":"https:\/\/medexperts.pro\/?p=20966"},"modified":"2025-01-28T12:25:36","modified_gmt":"2025-01-28T12:25:36","slug":"g-m-has-plans-ready-for-trumps-canada-and-mexico-tariffs","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=20966","title":{"rendered":"G.M. Has Plans Ready for Trump\u2019s Canada and Mexico Tariffs"},"content":{"rendered":"
<\/div>\n

General Motors, the largest producer of cars in Mexico, won\u2019t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.<\/p>\n

\n
\n
\n

General Motors executives are closely tracking President Trump\u2019s plans to impose tariffs on imports from Canada and Mexico, but the company is not yet making any major changes to its strategy in North America in response to the threatened tariffs.<\/p>\n

The automaker has pulled together an \u201cextensive playbook\u201d of possible options but won\u2019t put them in place \u201cuntil the world changes dramatically, and we see a permanent level of tariffs going forward,\u201d the company\u2019s chief financial officer, Paul Jacobson, told reporters in a conference call on Monday evening.<\/p>\n

\u201cI won\u2019t go into the details exactly but we\u2019ve been preparing for that and want to make sure that we are prudent and don\u2019t overreact,\u201d he added.<\/p>\n

Mr. Trump said last week that he planned to impose tariffs of 25 percent on goods from Canada and Mexico starting on Saturday, Feb. 1. If he followed through on those plans, the tariffs would deal a big blow to G.M. and other automakers that produce vehicles and components in those countries, and probably increase the prices of many vehicles sold in the United States.<\/p>\n<\/div>\n<\/div>\n

<\/div>\n
\n
\n

G.M. produced nearly 900,000 vehicles in Mexico in 2024, more than any other carmaker, and most of those were shipped to the United States. Among them are the Chevrolet Silverado and GMC Sierra pickup trucks, as well as the Chevrolet Equinox sport-utility vehicle \u2014 all top-sellers and big sources of profit for the company. It also produces some Silverados and electric delivery vans in Canada.<\/p>\n

G.M. said on Tuesday that it lost $3 billion in the final three months of 2024, stemming from a $4 billion noncash expense related to a restructuring of its joint venture operations in China. The company\u2019s revenue in the quarter rose 11 percent.<\/p>\n

\n
\n
<\/div>\n
\n
\n
\n

We are having trouble retrieving the article content.<\/p>\n

Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n

\n
\n

Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into<\/a>\u00a0your Times account, or\u00a0subscribe<\/a>\u00a0for all of The Times.<\/p>\n

\n<\/div>\n
\n
\n

Thank you for your patience while we verify access.<\/p>\n

Already a subscriber?\u00a0Log in<\/a>.<\/p>\n

Want all of The Times?\u00a0Subscribe<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

General Motors, the largest producer of cars in Mexico, won\u2019t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.General Motors executives are closely tracking President Trump\u2019s plans to impose tariffs on imports from Canada and Mexico, but the company is not yet making any major changes to its strategy in North America in response to the threatened tariffs.The automaker has pulled together an \u201cextensive playbook\u201d of possible options but won\u2019t put them in place \u201cuntil the world changes dramatically, and we see a permanent level of tariffs going forward,\u201d the company\u2019s chief financial officer, Paul Jacobson, told reporters in a conference call on Monday evening.\u201cI won\u2019t go into the details exactly but we\u2019ve been preparing for that and want to make sure that we are prudent and don\u2019t overreact,\u201d he added.Mr. Trump said last week that he planned to impose tariffs of 25 percent on goods from Canada and Mexico starting on Saturday, Feb. 1. If he followed through on those plans, the tariffs would deal a big blow to G.M. and other automakers that produce vehicles and components in those countries, and probably increase the prices of many vehicles sold in the United States.G.M. produced nearly 900,000 vehicles in Mexico in 2024, more than any other carmaker, and most of those were shipped to the United States. Among them are the Chevrolet Silverado and GMC Sierra pickup trucks, as well as the Chevrolet Equinox sport-utility vehicle \u2014 all top-sellers and big sources of profit for the company. It also produces some Silverados and electric delivery vans in Canada.G.M. said on Tuesday that it lost $3 billion in the final three months of 2024, stemming from a $4 billion noncash expense related to a restructuring of its joint venture operations in China. The company\u2019s revenue in the quarter rose 11 percent.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":20968,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-20966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/20966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20966"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/20966\/revisions"}],"predecessor-version":[{"id":20969,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/20966\/revisions\/20969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/20968"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}