Car Prices Face $3,000 Increase as Tariffs Hit Auto Sector
President Donald Trump’s tariffs against Canada and Mexico will threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a trillion dollars in trade set to be disrupted.
Auto industry turmoil: which carmakers are suffering most from tariffs?
Trump’s tariffs on Canada, Mexico, and China are hitting the auto industry hard, driving up costs, disrupting supply chains, and forcing carmakers to rethink production.
As deal-making prevails, concerns about tariffs impacting the automotive sector remain
The tariffs are part of President Trump's demand that both countries stem the flow of illicit drugs into the United States or face trade consequences.
Auto sector hoping for tariff relief as tariff shutdowns loom
TORONTO — Canada’s auto sector is hoping for the tariff reprieve Mexico has secured as it faces a potential shutdown from the added border tax. Flavio Volpe, head of the Automotive Parts Manufacturers’ Association,
Car prices face $3,000 increase as automakers worry over tariffs
The auto sector is going to shut down within a week,” said the president of Canada’s Automotive Parts Manufacturers’ Association.
How President Trump’s new tariffs could impact auto industry
On Saturday, President Donald Trump announced major tariffs on countries like Mexico and Canada, two of the biggest suppliers to the U.S.’s auto industry — with one in five cars sold in the states being built in the two nations, according to S&P.
Carmakers’ shares hit as US tariffs threaten supply chains
Shares in US, European and Asian carmakers all tumbled on Monday after US President Donald Trump’s sweeping tariffs on Canada and Mexico threatened to disrupt supply chains that the industry relies on for the American market.
Auto stocks slip on fears Trump tariffs will harm industry
Automaker stocks slipped on Monday following President Trump’s move to impose tariffs on goods coming from Canada and Mexico.
Implemented or not, Trump's 25% tariff threat is challenging the auto industry
For months, automakers have been taking a “wait-and-see” approach to the Trump administration’s potential tariffs.
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