Impact of Trump’s Tariffs on US Auto Sales: A Looming Challenge for the Industry
The Trump administration's recent tariffs could significantly affect US car sales, with nearly 20% of vehicles entering the market from China, Canada, and Mexico. In 2024, these regions contributed to 18% of total vehicle sales in the US. Notably, Mexico, as a major production hub, faces potential disruption, especially for automakers like Volkswagen and Stellantis, heavily reliant on Mexican-made cars. If tariffs expand, the broader auto industry will need to navigate shifting trade dynamics