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On the 14th, US President Trump announced that he might impose tariffs on imported cars effective April 2. According to Politico, a leading US political news outlet, this action could significantly exacerbate tensions between the US and its key trading partners in North America, Europe, and beyond. In 2024, the US imported automotive products worth $471 billion, comprising $214 billion in cars, $192 billion in parts, and $65 billion in trucks, buses, and other specialized vehicles. In terms of import value, Mexico emerged as the largest supplier to the US, accounting for approximately $49 billion, followed by Japan with $40 billion, South Korea with $37 billion, Canada with $28 billion, and Germany with $25 billion. Presently, most vehicles manufactured in Mexico and Canada enter the US market duty-free.
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