Automakers brace for ‘massive’ impact of Trump’s tariffs

February 3, 2025

, By admin

Share via:

Your next car purchase is probably going to be more expensive, thanks to President Donald Trump.

Around 5.3 million vehicles are built in Canada and Mexico, 70 percent of which are destined for the United States. Those vehicles will soon be subject to 25 percent tariffs, which were just announced by the Trump administration. And the companies paying the higher price to import those vehicles are very likely to pass that cost along to the consumer — to you.

You may not see higher MSRPs right away, says Mike Wall, executive director for automotive…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Melita Demonstrates Quantum Communications Testbed Network in Malta

Next News

Economic Survey 2025 | India is poised to become the data centre hub for the world

Hi! This is Admin.

Popular

More Like this

Automakers brace for ‘massive’ impact of Trump’s tariffs

February 3, 2025

, By admin

Your next car purchase is probably going to be more expensive, thanks to President Donald Trump.

Around 5.3 million vehicles are built in Canada and Mexico, 70 percent of which are destined for the United States. Those vehicles will soon be subject to 25 percent tariffs, which were just announced by the Trump administration. And the companies paying the higher price to import those vehicles are very likely to pass that cost along to the consumer — to you.

You may not see higher MSRPs right away, says Mike Wall, executive director for automotive…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Previous News

Melita Demonstrates Quantum Communications Testbed Network in Malta

Next News

Economic Survey 2025 | India is poised to become the data centre hub for the world

Hi! This is Admin.

More like this

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!