Get the latest tech news

Trump's tariffs would 'spell disaster' for GM, Ford — and the rest of the auto industry

His threatened taxes on imports would raise vehicle prices by thousands of dollars

Trump on Saturday threatened the BRICS geopolitical coalition of non-Western countries — Brazil, Russia, India, China, South Africa, and others — with 100% tariffs if they ditch the U.S. dollar. The Alliance for Automotive Innovation, a trade association that represents Ford, GM, Toyota, Hyundai, Stellantis, and others in the industry, declined to issue a statement. Odracir Barquera, the general director of the Mexican Association of the Automotive Industry (AMIA), warned that it is important to wait until Trump is sworn in next month and announces official policies to assess any actions.

Get the Android app