George is the Director of Automotive and Economic Analytics at CarGurus. He has worked in the automotive industry for almost 15 years, working with OEMs including Porsche, Nissan, and Lexus. His industry experience focuses on the crossroads of marketing, pricing, strategy, and economics.

How the Mexico Tariffs Will Impact Affordable Cars

Recently, the White House issued a statement announcing a 5% tariff on all Mexican imports that goes into effect on June 10, 2019. After that date, the White House will increase the tariffs to 10% on July 1, 2019, and then increase them an additional 5% on the first day of each month for the next three months, up to 25%. The tariffs will stay at 25% until Mexico decreases illegal immigration coming through its borders. These tariffs will heavily affect cars made in Mexico.