Automakers Need Years to Move Factories, Despite Tariff Relief

President Donald Trump’s desire to bring automotive production back to America from Mexico and Canada is up against an inconvenient reality: It will take years for most automakers and it may never happen for cash-strapped parts suppliers.

Trump gave carmakers and their suppliers a month’s reprieve from the 25% tariffs he imposed on Canada and Mexico in part for companies to come up with plans to move more production to the US, Bloomberg News reported on Wednesday. But building factories in the US will take years and won’t be financially feasible for many suppliers, according to a report Thursday ...