AdvertisementPresident-elect Trump plans to levy 25% tariffs on goods from Canada and Mexico, he said Monday.
These tariffs could include vehicles imported into the US.
President-elect Donald Trump on Monday announced plans to enact 25% tariffs on goods made in Canada and Mexico when he takes office in January.
Mexico alone exports more than 2.3 million cars a year to the US, according to Commerce Department data.
AdvertisementInformation from the National Highway Traffic Safety Administration shows that several dozen vehicles made in Canada and Mexico are currently sold in the US.
Persons:
Trump, Donald Trump, —, Here's
Organizations:
Monday, Canada isn't, Biden, Commerce Department, Ford, GM, Nissan, Walmart, Honda, American, Policy Council, General Motors, Toyota, National, Traffic Safety Administration
Locations:
Canada, Mexico