Trump’s hike in tariffs on China impacts billions of dollars’ worth of auto parts and Ford and GM automobiles.
The Lincoln Nautilus from Ford and the Buick Envision from General Motors, which made up 95% of all Chinese-manufactured automobiles sold in the United States last year, will be most affected. President Trump’s 10% tariffs on China imports may affect a few American automobiles, but they may also affect auto parts, potentially increasing consumer prices…