At the same time, auto execs who participated in the survey acknowledged that vehicle production costs will increase significantly, resulting in higher prices for consumers. A solid majority (58%) agree these increases will result in higher costs for consumers. Kalidindi: Auto execs aren't looking forward to higher production costs, but they consider it to be a worthwhile tradeoff. While higher costs are a downside, the respondents plan to explore changes to their supply chain and supplier base to mitigate these costs. Most think the long-term effects of USMCA will be positive, and half think that tariffs on Chinese goods would eventually help resolve unfair trade practices.

Source: Forbes January 19, 2019 13:30 UTC