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Latest Business News, Business News India Today | The HinduBusinessLine

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Foreign carmakers threaten to pull cheapest models from U...
2026-04-28 · via Latest Business News, Business News India Today | The HinduBusinessLine

Foreign automakers have warned ​the Trump administration that ‌they are looking ​at pulling ⁠their cheapest car models from the US market ‌if the US-Mexico-Canada Agreement (USMCA) is not ‌renewed or is watered ‌down, ⁠the Wall ⁠Street Journal reported on Monday.

It has been ​communicated to ‌Trump's economic advisers that some foreign carmakers might not be ‌able to build ​and sell cheaper cars for the ⁠US market if the USMCA no ‌longer exists or a renewed version does not significantly reduce tariffs on cars and auto ‌parts made in North ​America, the report said, citing people ⁠familiar with the discussions.

Reuters ⁠could not immediately verify the ‌report.

Published on April 28, 2026