GM CEO Mary Barra backs Trump's auto tariffs as a tool to help US manufacturers ‘level the playing field'

Core Viewpoint - General Motors CEO Mary Barra supports the Trump administration's automotive tariffs, claiming they create a fairer competitive environment for U.S. automakers in the global market [1][8]. Group 1: Tariffs and Manufacturing - The company believes tariffs are a useful tool for leveling the playing field against international competitors [2]. - A federal appeals court has temporarily upheld Trump's 25% tariff on imported automobiles and parts, prompting General Motors to enhance its North American manufacturing capabilities [2]. - General Motors anticipates a potential impact of up to $5 billion in 2025 due to these tariffs [3]. Group 2: Investments and Capacity - General Motors is leveraging excess capacity in the U.S. and has announced an $888 million investment in a New York propulsion plant for a next-generation V-8 engine [4]. - Over the past five years, the company has shifted more than 25% of its supply chain to the U.S. in response to challenges like the COVID-19 pandemic and semiconductor shortages [5]. Group 3: Supply Chain and Exports - Currently, fewer than 3% of General Motors' direct parts are sourced from China, and the company has ceased exporting certain vehicles to China from the U.S. [7]. - Barra indicated that there are ongoing negotiations for further deals, suggesting a cautious approach to international trade [7]. Group 4: Pricing Strategy - Despite increasing investments in the U.S., General Motors has not committed to specific vehicle pricing for consumers, emphasizing the dynamic nature of pricing influenced by new features and options [10][11]. - The company aims to remain competitive while focusing on the strength of its products to drive consumer interest [11].