Wells Fargo: Trump tariffs would add $2.1K to the price of cars made by US automakers and could cost Ford, Stellantis, and GM billions in profit
Briefly

"If enacted, a 25% tariff on all auto parts from Canada or Mexico will add $2,100 in cost to the consumer for each U.S. assembly vehicle, according to Wells Fargo estimates."
"Autos are stuck in the middle of Trump's geopolitics. All goods from Mexico and Canada would be slapped with a 25% tariff until those countries clamped down on drugs and migrants crossing the border."
Read at Fortune
[
|
]