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Latin Times
Latin Times
Politics
Sana Khan

Mexico Warns Trump's Tariffs On Auto Parts Could Raise US Pickup Truck Prices By $3,000

Donald Trump Mexico United States Marcelo Ebrard Claudia Sheinbaum Detroit
Marcelo Ebrard Mexican foreign minister speaks during the announcement of Mexico's bid to host the Olympic Games in 2036 or 2040 at SRE Building on October 26, 2022 in Mexico City, Mexico. (Credit: Photo by Jaime Nogales/Jam Media/Getty Images)

Mexico's Finance Minister Marcelo Ebrard warned that the U.S. would hurt itself by imposing a 25% tariff on goods from the former country, including car parts and vehicles made for American automakers.

During a news conference in Mexico City, which was streamed on YouTube, he highlighted that one clear example of the negative impact would be the increased cost of pickup trucks, which are very popular with U.S. buyers. According to him, the price of these trucks could go up by an average of $3,000 due to the tariffs.

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