Tariffs Will Impact U.S. Auto Industry 

President Trump’s decision to enact, then pause, a 25 percent tariff on all goods coming from Mexico and Canada has put U.S. automakers in a state of uncertainty as they try to anticipate President Trump’s next steps. According to Bernstein analysts, without any major production changes, these tariffs would cost the U.S. auto industry $40 billion this year. Reuters notes that suppliers are working on ways to manage these additional costs, some of which that are likely to be passed to the consumer. 

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