North american automotive industry faces unprecedented challenges as tariffs loom, according to s&p global mobility

Even with monthlong reprieve, potential 25% tariffs threaten to increase consumer prices and disrupt production and sales across key markets southfield, mich. , feb. 4, 2025  /prnewswire/ -- the north american automotive industry is bracing for significant disruptions as the u.s. government has announced potential tariffs of up to 25% on imported vehicles from canada and mexico, and 10% for vehicles mainland china, while components and evs already are under tariffs of 25% and 100% respectively.
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