The US will impose tariffs on foreign-made cars starting on April 2, US President Donald Trump said. One institute has said the tariffs could raise the price of a car in the US by thousands of dollars.
So what defines a “foreign” car? BMW builds the X3 in South Carolina and VW builds their SUVs in Tennessee. However Ford builds the Bronco in Mexico. So which one will be tariffed?
So what defines a “foreign” car? BMW builds the X3 in South Carolina and VW builds their SUVs in Tennessee. However Ford builds the Bronco in Mexico. So which one will be tariffed?