Homayune Ghaussi, Warner partner and chair of the firm’s Supply Chain Industry Group, joined Jamie Butters, executive editor of Automotive News, on the Daily Drive podcast to discuss the evolving tariff landscape and its expected impacts on the global automotive industry.
Ghaussi suggested that the current tariffs differ from the earlier 2018 tariffs due, in part, to the Trump administration’s suggestions that there will be no exemptions and no classification opportunities to reduce or otherwise avoid these tariffs. “These are much more sweeping tariffs with far fewer exemptions,” Ghaussi said.
Although the situation remains fluid, Ghaussi advised manufacturers to first map out their current supply chain partners and review contracts and delivery terms to better understand their potential risks. After this due diligence is complete, suppliers can look for strategies to help alleviate expected higher costs and/or production disruptions.
Automotive News subscribers can listen to the complete Daily Drive podcast here.
With deep roots in the heart of the U.S. automotive industry, Warner’s Automotive Industry Group provides proactive, timely and cutting-edge advice to suppliers throughout Michigan, North America and around the globe. Warner attorneys are closely monitoring the evolving tariff landscape and stand ready to assist suppliers assessing their current contracts and risks.
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