Trump tariff drama carries high stakes for US automakers, car buyers

  • Posted on February 4, 2025
  • By Business News Today
  • 1 Views
Trump tariff drama carries high stakes for US automakers, car buyers

Donald Trump has kept major automakers in suspense with threats of imposing 25% tariffs on vehicles from Mexico and Canada, potentially impacting U.S. consumers with price hikes. The uncertainty has created financial risks for automakers like GM, Volkswagen, and Ford. Automakers are concerned about increased costs but are unable to plan effectively amidst the shifting regulatory landscape.
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