Canada and Mexico accounted for 47% of U.S. automobile imports and 54% of car parts imports in 2023. They’re also major markets for U.S. auto exports, with the two receiving 75% of America’s exported car parts that year.
Nervous auto execs met with Trump to discuss his 25% tariffs on Canadian and Mexican imports.
What’s the point of enacting tariffs on cars one day, then putting them on hold the next?
Trump exempts carmakers from tariffs temporarily
I can’t imagine large corporations will tolerate this sort of chaos for all four years of Trump’s term. Town halls packed with angry voters — who are not “professional protesters” — are one thing, but when elected officials start feeling the wrath of major employers in their districts, they’d better act.