The chairman of Stellantis NV urged President Donald Trump to refrain from putting tariffs on cars shipped from Canada or Mexico and instead focus on imported vehicles lacking any U.S. parts content.
“The real opportunity” for the administration to boost US jobs and investment lies with closing the “loophole” that currently allows roughly 4 million of those vehicles into the country annually, Stellantis Chairman John Elkann said Wednesday on an earnings call with analysts.
The scion of the billionaire Agnelli family made the comments hours before Trump told reporters that tariffs on Canada and Mexico