Building a car in the United States, and buying one, could get a lot more expensive. Every American auto factory depends on Mexican parts to build its cars or trucks.
Every American auto factory depends on Mexican parts to build its cars or trucks. That's why President Donald Trump's threat to impose tariffs on Mexican imports of up to 25% by October is rattling the US auto industry. The tariffs could raise costs in the United States by tens of billions of dollars in the auto industry alone.Car buyers would probably pay the cost of those tariffs.
"Finished cars and trucks also come into the United States from Mexico — about 2.7 million autos were imported from Mexico last year, worth $52 billion, according to the US Commerce Department. That's nearly a million more autos than came from Japan, the No. 2 source of auto imports. A 25% tariff on all imports from Mexico would add about $28 billion a year to the cost of completed vehicles and parts.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Auto industry cutting jobs at the fastest pace since the financial crisisAuto makers are laying off employees at the fastest pace since the financial crisis, according to outplacement services company Challenger, Gray &...
Leer más »
Fiat Chrysler proposes Renault merger in auto industry shake-upRenault is considering a merger with Fiat Chrysler, a deal that would reshape the global auto industry and help the carmakers compete in the race for electric and self-driving vehicles.
Leer más »
Fiat proposes merger with Renault in latest auto industry joltThe merger would create the world’s third-biggest carmaker as manufacturers scramble for scale to tackle an expensive shift to electrification and autonomous driving.
Leer más »
Fiat Chrysler, Renault merger could herald more auto-industry consolidationThe proposed merger between Fiat Chrysler Automobiles NV and Renault SA would drive a “much needed” wave of consolidation among auto makers, analysts at...
Leer más »
Warm weather and heat-related illness: Why it's important to stay hydratedAs the weather warms up, more people are heading outside for both fun and exercise. But with warm weather comes a greater risk of heat-related illnesses.
Leer más »
Why Attitude Is More Important Than IQNew research shows that your attitude is more important to how you do in life than your intellect. Here's how to develop the attitude you need to succeed.
Leer más »
American importers of metals from Canada and Mexico gain relief from tariffsBut the overall direction is still towards protectionism
Leer más »
22 Important Life Lessons That Every Teenager Needs To Learn ASAPPeople Are Sharing Their Best Advice For Teenagers And It's So Real
Leer más »
German SPD leader: important to keep working in Merkel coalitionThe leader of Germany's Social Democrats (SPD) said on Sunday she wanted to...
Leer más »