Trump Tariffs on Mexico – Job Destroying Taxes on Workers

National Source as a Percentage of U.S. Vehicle Sales – Courtesy CAR on Trump Mexican Tariffs and Taxes.

At the OEM level, CAR says VW Group carries the highest risk as a percentage of US sales, as an estimated 47% of its 2019 sales are sourced from Mexico – significantly higher than the 16% industry average. Both GM and FCA also have sizeable volume at risk, owing to heavy SUV and Pickup production. Detroit’s Big Three make up 53% of the volume imported from Mexico. Pickups are three of the top five models at risk, and the Ram Pickup line is the highest volume vehicle in jeopardy from tariffs. Excluding Tesla, Subaru and Volvo, virtually every major OEM has some degree of risk. on Trump Mexican Tariffs and Taxes.

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