Auto parts makers are getting more nervous about U.S. trade policies, a new industry survey shows.
Rising anxiety about possible changes to the North American Free Trade Agreement and concerns about political discord in Washington were the top issues among North American parts company executives in the latest Supplier Barometer, a quarterly survey by the Original Equipment Suppliers Association.
The OESA includes Canadian suppliers like Magna International, Linamar, Valiant and others.
The just-released survey indicates that the concerns were more prevalent in May — after the Trump administration's first 100 days — than at the beginning of the year, said Mike Jackson, OESA's executive director of strategy and research.
"Obviously there's a lot of uncertainty about trade policy," Jackson said.
The survey is an effort to index the North American supplier community's general business mood on a scale of 1 to 100, with 100 being the most upbeat. The May survey put the industry's mood at 51 — a decline from 54 in January.