Reported about 4 hours ago
U.S. President-elect Donald Trump's proposed 25% tariffs on imports from Mexico and Canada could severely impact U.S. automakers, especially General Motors (GM), which heavily relies on Mexican production. These tariffs are expected to increase vehicle prices for American consumers, particularly for popular models like SUVs and pickups. The automotive sector, which is tightly integrated with Mexico, faces potential job losses and higher production costs, affecting both manufacturers and consumers.
Source: YAHOO