U.S. President Donald Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday (March 4), along with a doubling of duties on Chinese goods to 20%, sparking trade wars that could cause real issues for the automotive industry. - REUTERS

Some small businesses fear 'devastating effect' from Trump tariffs

U.S. President Donald Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday (March 4), along with a doubling of duties on Chinese goods to 20%, sparking trade wars that could cause real issues for the automotive industry. - REUTERS

Published: 5 Mar 2025