Trump's Tariffs Impact Car Buying

This is a Canada news story, published by Verge, that relates primarily to Update news.

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Verge

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Technology

Automakers brace for ‘massive’ impact of Trump’s tariffs

Summary

Nutrition label

75% Informative

Around 5.3 million vehicles are built in Canada and Mexico , 70 percent of which are destined for the United States .

Automakers say they have contingency plans for tariffs but wouldn’t say exactly what those plans are.

A 25 percent tariff on a $ 25,000 vehicle from Canada or Mexico would be $ 6,450 , experts say.

“Our American automakers, who invested billions in the U.S. to meet these requirements, should not have their competitiveness undermined by tariffs that will raise the cost of building vehicles in the United States and stymie investment in the American workforce.” Update , February 3rd : Updated to include a statement from the president of the American Automotive Policy Council ..

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful