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.

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