Reported about 10 hours ago
Major automakers, represented by the Alliance for Automotive Innovation, have issued a warning that new 25% tariffs on imports from Canada and Mexico will significantly increase vehicle prices, anticipating hikes of up to 25%. The tariffs threaten to disrupt the longstanding integrated supply chain across North America, affecting the cost and availability of vehicles. Industry leaders, including Ford CEO Jim Farley, have expressed concern that these tariffs could lead to chaos in the U.S. auto industry, while the United Auto Workers union has expressed support for aggressive tariff actions.
Source: YAHOO