Trump Tariffs to Impact 20% of US Car Sales, Raising Industry Concerns
The Trump administration's tariffs, impacting vehicles from trade partners like China, Mexico, and Canada, could affect nearly 20% of car sales in the US. In 2024, 2.9 million vehicles from these nations made up a significant portion of total car sales. Mexican factories saw a 13% growth, while Canadian exports declined. This trade disruption poses challenges for manufacturers, particularly Volkswagen, which heavily relies on Mexican-made vehicles, signaling potential shifts in the US automotive landscape.