Car prices in U.S. face increase when tariffs hit sector, Bloomberg says

President Donald Trump’s tariffs against Canada and Mexico will threaten production at automakers across North America, Jacob Lorinc, David Welch, and Amy Stillman of Bloomberg reports. The tariffs are set to send record vehicle prices higher and about a quarter of a trillion dollars in trade is set to be disrupted. Automakers in Mexico have been preparing by preemptively importing more components and vehicles, but this will likely only ease the blow for a few weeks. Other companies in the space include Ford (F), General Motors (GM), Toyota Motor (TM), Honda Motor (HMC), Volkswagen (VWAGY), BMW (BMWYY), and Hyundai Motor (HYMTF).