March 4 (Reuters) - A trade group representing nearly
all major automakers warned on Tuesday that new 25% tariffs on
imports from Canada and Mexico imposed by President Donald Trump
will lead to drastic price hikes.
"All automakers will be impacted by these tariffs on Canada
and Mexico. Most anticipate the price of some vehicle models
will increase by as much as 25% and the negative impact on
vehicle price and vehicle availability will be felt almost
immediately," said John Bozzella, who heads the Alliance for
Automotive Innovation.