- Published at
- by finance.yahoo.com
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Global car industry in firing line of Trump's tariff threats vs Mexico, Canada
Around 90% of auto exports from both Mexico and Canada go to the U.S., according to the Mexican Automotive Manufacturers' Association (AMIA) and the Canadian Vehicle Manufacturers' Association. German automakers, of which Volkswagen would be most affected, have warned against the tariffs, saying they would cause inflation for consumers. Volkswagen's Audi plant in San Jose Chiapa, Mexico, makes the Q5, employing just over 5,000 people.