Automakers

Automakers brace for new tariffs, EV changes under Trump presidency

Honda's plant in Mexico exports 80 percent of its production to the U.S. market. The automaker may mull moving output if the U.S. imposes permanent tariffs on vehicles imported from Mexico. (BLOOMBERG)
November 07, 2024 09:07 AM

WASHINGTON — Automakers are bracing for President-elect Donald Trump to impose new tariffs on vehicles from Mexico and potentially from other countries and to reverse many existing pro-electric vehicle policies, industry associations and executives said.

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