Trump's proposed tariffs could hit US automakers hard, including GM

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. This move may raise prices for SUVs and pickup trucks sold in the U.S. GM, which imports over 750,000 vehicles from Mexico and Canada, could see its profits decline. The tariffs could also affect the broader auto industry, as many parts come from Mexico, raising production costs for all vehicles assembled in the U.S. Trump's tariffs are linked to immigration and drug issues, with some analysts suggesting they may be a negotiating tactic. Mexican President Claudia Sheinbaum warned that the tariffs could worsen inflation and lead to job losses in both countries.