The article discusses how potential tariffs imposed by US President-elect Donald Trump on Mexican imports could add $3,000 to car prices in the United States. The article mentions that GM, Ford, and Stellantis (the parent company of Jeep and Ram) are among the main exporters from Mexico to the US and could be affected by the tariffs.
Here are some key points from the article:
- Trump has threatened to impose a 25% tariff on Mexican imports in response to a surge in migrants crossing the border.
- The auto industry is worried about the potential impact of the tariffs, which could add thousands of dollars to car prices.
- GM has laid off thousands of workers in Michigan and Ohio this year as part of its effort to reduce costs and invest in electric vehicles.
- Stellantis has also been expanding its manufacturing footprint in Mexico, including a new truck plant in Saltillo.
- The article quotes analysts who believe that most investors will assume Trump does not follow through with the tariff threats.
Overall, the article suggests that the potential tariffs could have significant consequences for the auto industry and could lead to higher prices for car buyers in the US.
