Trump proposes tariffs of more than 200 percent on cars from Mexico

Trump proposes tariffs of more than 200 percent on cars from Mexico Article by Reuters • 2 hrs • 1 min read Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally in Prescott Valley, Arizona, U.S., October 13, 2024. (Reuters) - Republican U.S. presidential candidate Donald Trump is proposing tariffs of more than 200 percent on vehicles imported from Mexico to prevent cars from Mexico from being sold to the United States. "All I'm doing is saying, 'I'll put 200 or 500, I don't care.' I'm going to put a number where they can't sell a single car," he said in an interview with "Fox News" broadcast on Sunday. "I don't want them to hurt our automakers." Trump had previously promised that if he were re-elected president, he would impose a 100 percent tariff on imported cars and trucks to support the domestic auto industry. At a rally last week, Trump then doubled that number. Trump had already threatened high tariffs on cars from Mexico as president and as a candidate in 2016. The introduction of tariffs of up to 25 percent on Mexican cars and components could have a serious impact on the industry and drive up vehicle costs, according to experts.