Manufacturing

Trump’s threatened 25% tariff would undermine North American auto sector, raise vehicle costs in U.S., analysts say

Former U.S. President Donald Trump attends a rally in Wilkes-Barre, Pa., Sept. 3, 2022.
Some analysts believe U.S. President-elect Donald Trump's threat of tariffs, which would have a devastating trickle-down effect on the United States, Canada and Mexico, is just a negotiating tactic. (REUTERS)
November 27, 2024 01:03 AM

A tariff of 25 per cent on all vehicles and parts imported to the United States from Canada and Mexico would uproot a decades-old shared supply chain, add thousands of dollars to vehicle prices in the United States and undercut automotive competitiveness in all three countries, according to analysts.

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