GM, Stellantis, and Ford could bear the brunt of Trump’s planned 25% tariff hike

Detroit automakers will likely suffer if Trump executes the steep tariff hike on Canadian and Mexican imports.

U.S. President-elect Donald Trump’s plan to slap a 25% tax on all imports from Mexico and Canada could strike the bottom lines of U.S. automakers, especially General Motors, and raise prices of SUVs and pickup trucks for U.S. consumers.