Trump plans 25% tariffs on imports from Mexico and Canada, impacting US automakers

U.S. President-elect Donald Trump plans to impose a 25% tariff on imports from Mexico and Canada, which could significantly impact U.S. automakers like General Motors. GM imports over 750,000 vehicles from these countries, including popular models like the Chevy Silverado. The tariffs may lead to higher prices for consumers, particularly for SUVs and trucks. Analysts suggest that the tariffs could be a negotiating tactic rather than a firm policy, as they are linked to immigration issues. Mexican President Claudia Sheinbaum has called for dialogue, warning that the tariffs could harm both economies. The proposed tariffs could disrupt the integrated supply chains that have developed under previous trade agreements, affecting vehicle production costs in the U.S.