Market Chatter: Foreign Automakers Consider Pulling Cheapest Models From US Amid Trade Deal Uncertainty

MT Newswires Live04-28 20:22

Foreign automakers have notified the Trump administration they could remove their cheapest car models from the US market if the US-Mexico-Canada Agreement is watered down or not renewed at all, The Wall Street Journal reported Tuesday, citing unnamed people familiar with the discussions.

Toyota Motor (TM), Honda Motor (HMC), Nissan and Hyundai offer US consumers small, affordable cars, and though many of those are made in the US, they rely on parts from all three North American countries, the report said.

Toyota, Honda, Nissan and Hyundai didn't immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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