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Avoid knee-jerk reactions to tax and tariff changes

September 11, 2018 Article 2 min read
Authors:
Daron Gifford
The news around economic trade policy might leave some automotive executives feeling like they need to act. Ignore that impulse and focus instead on long-term strategies. Read more in Automotive News.

A picture of a road early in the morning

Overseas and domestic automotive companies should think long and hard about buying or building plants to take advantage of recent tax cuts, tariff threats or the depressed euro.

Because we've been here before.

About three years ago, the euro slid to almost parity with the U.S. dollar, only to bounce back and hurt European exporters. As for tax rates, they have swung up and down over the years, as have trade tariffs, stinging those businesses that try to take economic advantage of these short-term moves.

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