Trump Tariffs Impact Small Car Profitability
President Trump's 25 percent tariffs have made smaller, cheaper cars unprofitable for foreign automakers. The current profitability of models like the Nissan Sentra and Honda Civic depends on the US-Mexico-Canada Agreement allowing duty-free parts shipments. If the trade agreement is not renewed or is weakened, automakers may no longer be able to build and sell these smaller vehicles in the U.S. according to CBS correspondent Michael Wallace.
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Sources · 7 independent
WTOP Washington DC
“The Trump administration, they may not be able to build and sell their smaller, cheaper cars in the U.S. anymore if the U.S.-Mexico-Canada trade agreement is not renewed or weakened.”
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