There is no such thing as an all-America car. That’s why tariff will raise car prices. | CNN Business

New York CNN  — 

President-elect Donald Trump is vowing to protect American-made cars through steep tariffs on imports. The problem is, there is no such thing as an all-American car.

Trump has promised that tariffs, which are a tax on goods that are imported from another country, will be a key part of his economic plan in his second term. On Monday he announced plans to impose a 25% tariff on all goods coming from Mexico or Canada on his first day in office.

The US government tracks what percentage of each car’s parts is

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