President Donald Trump greets General Motors CEO Mary Barra (R) prior to a meeting with automobile industry leaders in the Roosevelt Room of the White House in Washington, DC, January 24, 2017.
Saul Loeb | AFP | Getty Images
DETROIT — General Motors believes it can mitigate up to 50% of potential tariffs President Donald Trump is threatening to impose on imports from Canada and Mexico, CEO Mary Barra said Tuesday.
The chief executive said the Detroit automaker has contingency plans ready for if tariffs are levied on auto parts and vehicles coming into the U.S. from the two neighboring countries. That includes potentially avoiding short-term impacts of between 30% and 50% of the additional costs “without deploying any capital.”
“We are prepared,” Barra said Tuesday during a Wolfe Research investment conference. “When we know exactly what’s going to happen and/or even have an indication of what’s going to happen, we know the steps we…
