Managing Director Brian Irwin Featured in The New York Times
Clock Ticks Down Toward Sweeping Tariffs on Canada, Mexico and China
The impending implementation of new tariffs on imports from Canada, Mexico and China has created a state of urgency and uncertainty among business owners and foreign officials. The proposed tariffs, which include a 25 percent fee on Mexican and Canadian exports and an additional 10 percent on Chinese goods, are intended to pressure these countries to stop the flow of drugs and migrants to the United States. However, the potential economic impact is raising significant concerns, particularly in the automotive industry, as Canada and Mexico account for nearly half of U.S. car imports and exports.
A&M Managing Director Brian Irwin was recently featured in The New York Times, discussing the potential impact of proposed tariffs on the North American automotive industry. He emphasized the challenges automakers face due to the long lead times required to design and manufacture vehicles. With automotive supply chains deeply integrated across borders, it is nearly impossible for companies to quickly shift production to the U.S. without incurring major disruptions and cost increases. “Automotive lead times are generally longer than political lead times,” Irwin explained. His insights highlight the pressing need for strategic planning to mitigate financial burdens and operational disruptions.
