NEW YORK -- New tariffs imposed by U.S. President Donald Trump on imports from Mexico, Canada and China will increase costs for the auto industry within the U.S. by $61 billion yearly, an analysis shows, suggesting that a policy aimed at restoring competitiveness could have the opposite effect.
Trade war
Trump tariffs set to raise U.S. auto industry's costs by $61bn
Duties on Mexico, Canada could slash new-vehicle demand by 12% this year
.JPG?width=780&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto)
Mazda Motor imports about 30% of the vehicles it sells in the U.S. from Mexico. (Photo by Tomohiro Ichihara)
Read Next
Latest on Trade war
