As global trade tensions rise, tariffs and cross-border policies are increasingly shaping competition in the auto industry. As the US imposes tariffs on goods made in Canada, Mexico, UK, and the EU, automakers are forced to either find compliant component sourcing, increase consumer prices, or eat the costs. How will these tariffs impact competition and consumer welfare in the auto space? What impact could they have on the US' annual trade deficits with foreign nations and economic unions?
