<h1>Trump's Proposed 25% Tariffs on Canadian and Mexican Imports May Disrupt Auto Industry, Raise Car Prices by Up to $10,000.</h1> President Trump's proposed 25% tariffs on imports from Canada and Mexico threaten the North American auto industry by disrupting over $300 billion in annual trade and increasing car prices. This move could dismantle long-standing supply chains and significantly raise vehicle costs, with average new car prices potentially increasing by $3,000 and some trucks by $10,000. Retaliatory tariffs from Canada and Mexico could exacerbate economic impacts, potentially leading to recessions in those countries and stagnation in the U.S. The tariffs are part of Trump's broader strategy to address immigration and drug trafficking issues, but they also aim to renegotiate the US-Mexico-Canada Agreement to favor U.S. production.