Mexico is hoping to negotiate lower U.S. automotive tariffs by leveraging its relationship with the Trump administration. Analysts are skeptical.
Prime Minister Mark Carney says the tariffs will hit all vehicles that do not comply with the Canada-U.S.-Mexico Agreement and any non-Canadian content in compliant vehicles.
Plant closures, tariffs, discounts among actions automakers have taken in response to the Trump administration's tariffs.
Workers at 5 plants in Michigan and Indiana are affected by the production pause in Ontario and Toluca starting April 7.
Analysts and auto executives had been warning that tariffs would lead to a production stop within a week or two of their implementation.
As automakers calibrate how to respond, Volkswagen said it would add an import fee and temporarily hold back imports from Mexico and Europe.
Vehicles are subject to a new import tax. Here's a look at all the tariffs the auto industry faces.
Automotive News identified parts subjected to the tariffs beginning May 3 and created a list that demonstrates the wide-ranging and deep impacts across the industry.