US automakers in mad dash to persuade Trump to temper tariffs

Representatives for automakers have told the administration that levies on parts would drive up costs by billions of US dollars, leading to layoffs and profit warnings. — Bloomberg

Washington: US automakers are making a last-ditch effort to sway the Trump administration on tariffs set to take effect this week, contending that levies on the thousands of parts they source abroad could have catastrophic effects on the industry.

Ford Motor Co, General Motors Co and Chrysler parent Stellantis NV are lobbying the administration to exclude certain low-cost car components from the planned tariffs, according to people familiar with the matter.