Car manufacturers are about to be more difficult by President Trump's new laws.
So it is possible that anyone looking to buy a new car – especially from General Motors or Ford – must pay thousands of others.
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The new tariff laws will affect millions of vehicles sold in the United States every year, Bloomberg said.
Imported auto parts are also affected by the United States.
The new customs duties raises car manufacturers of their concern that operations are not continuing.
“The auto sector will be closed within a week,” Flavio Volb, head of the Canada Automotive Factors Association in Canada, told Bloomberg.
“By 25 %, no one at all in our business is profitable through a long snapshot.”
Although car manufacturers worry about making money, car buyers are concerned about overcoming them.
With modern supply chains, one automatic part of an American border crossing vehicle can anywhere between six and eight times before the final assembly.
This can make the average car prices rise by about 3000 dollars, according to Bloomberg.
So consumers who cannot afford the cost of the car will have to pay more.
Some drivers said they are not ready to deal with unavoidable prices-with many American-made brands.
“A curse, I think I will buy only American cars,” a social media user.
“There is no tariff for cars made in America,” another indicated.
Thirdly, he said: “A good reason to switch from foreign cars made to America.”
On Monday, the shares of the auto industry company dealt with investors with the impact of imminent tariffs.
We are working through the supply chain, logistics networks, and assembly plants so that we are ready to mitigate the effects of the range.
Mary Barra
General Motors decreased by 7.9 % before regular trading in New York.
The company is the largest car maker in Mexico, according to data from the National Institute for Statistics and Geography in Mexico that showed that General Motors sent more than 889,000 cross -border vehicles to the United States in 2024.
General Motors was working to accelerate vehicles across the border before the definitions, according to Bloomberg.
In the United States, General Motors CEO said that transportation elsewhere is not something that the company can do on a whim.
“We are working through the supply chain, the logistics network, and assembly factories, so that we are ready to alleviate the effects close to the range,” said Marie Para, CEO of analysts on January 28.
“Many of these procedures are not a cost or low cost. What we will not do is spending a large amount of capital without clarity.”
Meanwhile, Trump announced a month's stoppage on the Mexico tariff.
But the definitions will not affect the BMW plans to invest 800 million euros in a new battery facility in Mexico.
