The vast impact of Trump's threatened tariffs raises questions about what the incoming administration is trying to accomplish economically and the potential collateral damage to U.S. companies and consumers.
Imposing the tariffs would increase the costs of all vehicles assembled in the United States, making SUVs and pickups more expensive for consumers.
A 25% tariff could kneecap a Mexican industry that has spent years tightly integrating itself with the U.S., where nearly 80% of Mexican-made vehicles are sold.
While companies that import directly into the U.S. pay the tariff, that cost is inevitably passed on to the consumer via higher prices.
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