Tariffs Poised To Smash U.S. Auto Industry As Mexico China, and Canada Respond With Sanctions
March 4th could go down as a historic date in U.S. history with President Donald Trump unleashing 25% tariffs on Mexico and Canada while also beefing up existing tariffs on China. All three countries responded with matching trade sanctions and Canada promised the United States will regret their actions. But what will these tariffs mean for consumers and car buyers? Prices will surge The new tariffs on Mexico and Canada will cause prices to go up on a multitude of goods but while paying more for avocados or maple syrup at the grocery store will be one part of the …