If left in place, such high import duties would make Detroit's North American-centric business structurally unprofitable, warns Barclays investment bank.

President Donald Trump granted a one month exemption on tariffs on imports from Mexico and Canada for U.S. automakers on Wednesday. But the industry will seemingly have to face the tariffs eventually,

President Donald Trump held a call Tuesday with the CEOs of General Motors and Ford and the chair of Stellantis to discuss the potential of delaying tariffs on North American-built vehicles by 30 days,

The major U.S. automakers were given a one-month exemption from new tariffs on Canadian and Mexican imports, the Trump administration said Wednesday.