Here's how many cars could be affected by Trump's auto tariffs
aLast week, President Donald Trump said he would be implementing a 25% tariff on all cars shipped to the United States as of 12:01 am ET on April 3 .
For decades, because of a free trade agreement, automakers have treated Canada, Mexico and the United States as one big country, with no tariffs among them. But Trump wants to grow the domestic automaking industry.
He said he’s been in touch with the Big Three US automakers, Stellantis, Ford and General Motors, noting that “If they have factories here, they’re thrilled. If you don’t have factories here, they’re going to have to get going and build them.”
Even if automakers were to shift production to the US, it would take years to accomplish the switch. In the meantime, US consumers look set to face higher prices on their vehicle purchases.
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