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Roughly 3.6 million light vehicles were imported into the U.S. from Canada and Mexico in 2024, accounting for 22% of all car sales nationwide, according to S&P Global Mobility.
US car companies have been able to keep production costs down by hiring lower-wage workers, particularly in Mexico, where much of their production has shifted to in recent years.
Mexico and Canada make up the top two U.S. trading partners for both finished motor vehicles and car parts, according to a Cato Institute analysis of data from the U.S. International Trade Commission.
In the near term, Trump’s import taxes could cost the industry $110 million in added costs each day and potentially $40 billion for the year without major production shifts, according to ...
The individual or business that needs to move a car or other vehicle is the shipper; the shipper contacts a broker to have their vehicle shipped or transported. Once a broker is booked, the broker's job is to find a carrier, which is the individual or company that actually employs drivers and operates the car transport equipment.
As President Trump’s tariff war with Canada, Mexico and China heats up this week, fallout is expected in the markets and on Capitol Hill. Mexico and the U.S. struck at deal to delay that nation ...