The pro-tariff policies of the new Trump administration are expected to have far-reaching impacts on the local car industry, with new data revealing they could hit almost 20% of all new cars sold across the US. Some car manufacturers will be hit harder than others, including Volkswagen, Stellantis, and Nissan.
Of the 16.1 million light vehicles sold in the United States last year, 9.86 million of these, or 61%, were produced in the United States and will avoid the new 10% tariffs and the proposed 25% tariffs on Mexico and Canada, which were recently paused for 30 days. Approximately 2.19 million light vehicles built in Mexico were exported to the US last year, accounting for 13.6% of the market.
