(Reuters) – U.S. auto parts maker Aptiv Plc said on Tuesday if the Trump administration levied a 5% tariff on Mexican imports, it would cost the company $17 million per month.
Speaking at an investor conference in Boston, company executives said Aptiv imports products worth a little over $3 billion a year from Mexico.
U.S. President Donald Trump has threatened to impose tariffs on imports from Mexico in a bid to curb illegal immigration – a move that analysts say could cost automakers and suppliers as much as $23 billion.
Reporting by Sanjana Shivdas and Vibhuti Sharma in Bengaluru; Editing by Shinjini Ganguli
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