New York CNN —
Tariffs on Canadian and Mexican imports are looming again. And that could quickly send car prices soaring, even for those assembled in the United States.
That’s because the auto industry has spent decades operating as if all of North America is a single market, moving cars parts and vehicles freely across borders of the three countries. As a result, there isn’t such thing as an all-American car built with parts made solely in the United States.
President Donald Trump said this week that tariffs of 25% on the value of all
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