GM and other US automakers would take big hit from Trump tariffs
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U.S. President-elect Donald Trump's proposed 25% import tax on goods from Mexico and Canada could significantly impact U.S. automakers, particularly General Motors, by affecting their bottom lines and increasing SUV and pickup truck prices for consumers.
November 26, 2024 | 9:00 pm
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General Motors could face significant financial challenges due to Trump's proposed 25% import tax on goods from Mexico and Canada, potentially affecting its bottom line and leading to higher vehicle prices.
The proposed tariff directly targets imports from Mexico and Canada, where GM has significant manufacturing operations. This could increase costs for GM, affecting profitability and potentially leading to higher prices for consumers.
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