U.S. auto industry could be decimated by Trump’s tariffs

https://www.axios.com/2025/02/02/trump-tariffs-cars

by cos

3 comments

  1. More on this subject from other reputable sources:

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    – Axios (B+): [Trump tariffs begin, with levies on Canada, Mexico, China](https://www.axios.com/2025/02/01/trump-canada-mexico-tariffs)
    – Sydney Morning Herald (B+): [Trump whacks tariffs on imports from Canada, Mexico and China](https://www.smh.com.au/world/north-america/trump-whacks-tariffs-on-imports-from-canada-mexico-and-china-20250202-p5l8vv.html)
    – Associated Press (A-): [Trump imposes tariffs on Canada, Mexico and China. Costs could increase](https://apnews.com/article/trump-tariffs-trade-china-mexico-canada-inflation-753a09d56cd318f2eb1d2efe3c43b7d4)
    – Age (B): [Trump whacks tariffs on imports from Canada, Mexico and China](https://www.theage.com.au/world/north-america/trump-whacks-tariffs-on-imports-from-canada-mexico-and-china-20250202-p5l8vv.html)

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  2. Yeah this will be the first to crumble, people don’t realize how slim margins the auto industry is on. This will probably make dealerships literally bankrupt by next week.

    VW is holding on a thread. Daimler should be ok. Might send Honda and Toyota into bankruptcy and cripple Japan ( Toyota and Honda have factories in Canada.)

  3. I’m so glad I know how to work on my trucks and car. I also bought most parts I need last December for suspension work in the spring. Used car prices will rise bc people cannot afford now cars. Even parts will rise bc many are imported from China, Taiwan, and Japan.

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