Donald Trump will offer incentives to foreign automakers that build cars in the U.S. The presidential candidate promised the lowest tax rates, energy costs, and regulatory burdens. Conversely, Trump plans to impose 100% tariffs on vehicles imported from Mexico. Donald Trump is revving up the conversation around the future of the automotive industry in the U.S. with some bold promises.
be/lJIPgUP-rPY Consequences for non-compliance According to Trump, those who fail to comply will have to pay hefty tariffs, effectively driving up the cost of their products. As ABC News reports, he also threatened to put a 100 percent tariff on every car imported from Mexico. Such a move would affect several companies that have built factories in Mexico, taking advantage of the lower labor costs in America's backdoor.