US auto industry could be collateral damage in Trump's trade wars
President Donald Trump speaks during a Cabinet meeting at the White House in Washington, Wednesday, Feb. 26, 2025. (Pool via AP) Credit: AP
President Donald Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry.
If the president goes ahead with 25% taxes on imports from Canada and Mexico on Tuesday, he will disrupt more than $300 billion in annual U.S. automotive trade with its two neighbors, wreck supply chains that have been operating for decades and likely push up the already-forbidding price of new cars.
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