The preliminary agreement reached between the U.S. and Mexico on NAFTA provides a framework to rebalance manufacturing in North America, resolving key differences over the cross-border movement of finished vehicles and auto parts. Meanwhile, President Trump threatened to slap tariffs on Canadian auto exports in the absence of a deal.
The trade association representing international automakers operating in the United States said imposing tariffs on imports of vehicles and parts for national security reasons would harm the auto industry by raising prices, lowering demand and inviting retaliation from trading partners.
If a Chinese buyer emerges for all or part of Fiat Chrysler, it could face heightened scrutiny by U.S. security officials. That hurdle has increased under a Trump administration that has promoted economic nationalism and criticized China's trade policies.
Developing hardware and software to run self-driving vehicles will be easy compared to the regulations, ethics, infrastructure and workforce retraining required, Ford Executive Chairman Bill Ford said.