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International Business Times
International Business Times
Politics
Bruce Golding

Trump Tariffs Would Hit US Car Buyers: 'Could Tank The Industry'

A line of GMC Hummer electric vehicles is seen in a General Motors factory in Detroit on Nov. 17, 2021. (Credit: Nic Antaya/Getty Images)

American car buyers would be hit hard by President-elect Donald Trump's plan to impose a 25% tariff on all goods coming from Mexico and Canada.

The top 10 car manufacturers built 1.4 million light vehicles in Mexico during the first six months of this year, with 90% sent to the U.S., Reuters reported Tuesday evening, citing data from the Mexican Automotive Manufacturers Association.

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