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President Trump has announced a proposed 25% tariff on vehicles imported from Canada and Mexico, set to be instituted by February 1st. This policy could dramatically increase the prices of vehicles across the board— analysts from Wolf Research estimate an increase of around $33,000 per vehicle. Major automotive players like Stellantis, General Motors, and Ford are heavily reliant on imports from Mexico, with Stellantis importing 40% of its vehicles, GM 30%, and Ford 25%. Moreover, these tariffs will also extend to imported components, putting further pressure on automakers.