How Trump’s Tariffs Will Impact American Carmakers

In his initial weeks at the White House, Donald Trump has moved to reshape global alliances and trade relationships by imposing tariffs. On March 4th, he announced a 25% tariff on imports from Mexico and Canada, originally set to take effect a month prior. While these tariffs aim to pressure America’s neighbors, they also pose significant challenges to the U.S. carmaking industry, which holds both economic importance and cultural significance. The tariffs are expected to increase the cost of vehicles, a mode of transportation highly valued by Americans. — news from The Economist

Leave a Reply

Your email address will not be published. Required fields are marked *