Recent Auto Tariffs
On Wednesday, President Trump announced a 25% import tax on all foreign-made cars to become permanently effective April 2nd.
Key Takeaways:
Many of Trump’s new tariffs and policies all aim towards bringing manufacturing back into the United States
Currently, it’s impossible to tell where car brands actually build their cars even if they are an American brand
For example, Ford builds Bronco SUVs and other car models in Mexico while Chevy builds some of their models in Canada
US based car brands may shift more of their production to the US, but that could take extensive time to retool their factories
Other car brands are waiting to make any major manufacturing changes until there is confirmation that the tariffs are permanent
To find out more, review this article and please see the graphic below: