📊Executive Summary

The article discusses the potential impact of President Trump's threat to impose 100% tariffs on imported semiconductors, which could significantly affect the automotive industry. It highlights the previous semiconductor shortage during the COVID-19 pandemic that slowed new car production and led to manufacturers omitting features to conserve chip usage. The article suggests that if semiconductors are classified as automotive parts, they might be subject to lower tariffs, but the 100% tariff threat could exacerbate supply issues. The implications for procurement include potential price increases and supply shortages if tariffs are enacted, necessitating close monitoring of sourcing strategies and supplier commitments....