Part 2/8:
President Trump signed an executive order to impose a 25% tariff on imports from Mexico and Canada, mentioning that these tariffs would be "retaliatory" actions in response to perceived unfair trade practices. Initially, these tariffs were projected to add a staggering $33,000 to the cost of U.S. vehicles, causing concerns throughout the industry. However, following conversations between President Trump and Mexico's president, an agreement to pause the tariffs for one month has been reached. This pause allows for negotiation and potential resolutions in the ongoing discussions surrounding cross-border trade practices and immigration.