General Motors CEO Mary Barra has voiced her backing for the Trump administration's auto tariffs, which she sees as a strategy to enhance competitiveness against foreign automakers. Barra emphasized that GM aligns with the administration's objectives of bolstering the U.S. economy and auto sector jobs, as reported by Carscoops.
Barra acknowledged that the tariffs present challenges but sees them as a necessary measure to level the playing field, specifically with Chinese carmakers, according to Semafor. In a bid to ease concerns about potential price hikes, Barra assured that GM intends to maintain current vehicle prices, absorbing the cost impacts internally, as noted by Benzinga.
To counter any adverse effects of the tariffs, General Motors is focusing on strengthening its U.S. manufacturing presence by increasing domestic production content and expanding battery module production in the U.S., reports Ainvest. Barra also highlighted the importance of having clarity in trade policies, reaffirming GM's commitment to collaborating with the administration to ensure the automotive industry remains competitive and stable.