The automotive industry is a cornerstone of the North American economy, contributing significantly to economic output and job creation. In 2023, it added more than $809 billion to the U.S. economy, representing 11% of total manufacturing output. Additionally, it supports a vast network of employment, with 9.7 million direct and indirect jobs in the U.S. alone. For every job at an auto manufacturer, nearly 11.5 additional jobs are created in related sectors, such as auto parts production and dealerships.
If President-elect Donald Trump moves forward with his proposed 25% tariffs on all imports from Canada and Mexico once he takes office Jan. 20 automotive companies on both sides of the U.S.-Mexico border could feel the pain because auto factories in those tree countries are dependent on parts moving back and forth across the borders multiple times before a vehicle is ultimately assembled. https://www.freightwaves.com/news/tariffs-could-reshape-north-american-supply-chains-for-autos-lumber-agrifoods
