The outcome of Tuesday’s presidential election between President Donald Trump and former Vice President Joe Biden is expected to have widespread impact on the U.S. auto industry – from near-term consumer confidence to long-term regulatory and trade policies.
In his first-term as commander in chief, Trump deregulated, renegotiated and litigated critical areas impacting the auto industry. If the Republican president is re-elected, much of the same is expected during his second term. That includes lower corporate tax rates, U.S.-focused trade and reduced environmental regulations.