Trump proposes tariffs above 200% on Mexican cars -Reuters

Money Bizwiz Team
1 Min Read

As the U.S. presidential race heats up, Republican candidate Donald Trump is making bold statements about imposing tariffs on vehicles imported from Mexico. In a recent Fox News interview, Trump suggested that he could raise tariffs to over 200% to prevent Mexican cars from flooding the U.S. market.

“I’ll put a number where they can’t sell one car,” Trump proclaimed, emphasizing his goal to protect American car manufacturers. He has previously promised to impose a 100% duty on imported vehicles to support the domestic auto industry.

During a rally in Wisconsin, Trump even doubled down on his tariff proposal, stating, “They will not be able to sell cars. I’m not going to let them destroy Detroit further.”

© Reuters. Republican presidential nominee and former U.S. President Donald Trump gestures during a rally in Coachella, California, U.S., October 12, 2024. REUTERS/Mike Blake

In the past, Trump has used the threat of tariffs on Mexican cars, causing concern among automakers. The potential impact could lead to higher vehicle costs and disrupt the industry significantly.

However, Trump’s tough stance on trade has led to renegotiations of the North America free-trade agreement, with provisions aimed at supporting U.S. auto manufacturing.

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