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Mazda and Mexico Would Be Hit by U.S. Car Import Crackdown

  • Germany’s Volkswagen, BMW also among manufacturers affected
  • Shares of Japanese carmakers decline in Tokyo trading
Bloomberg business news

Trump Argues National Security to Back Car Import Tariffs

Updated on

Automakers including Mazda Motor Corp. and countries led by Mexico should buckle up: their car businesses could be in for a bumpy ride, thanks to U.S. President Donald Trump.

Trump instructed his Commerce Secretary Wilbur Ross to consider conducting an investigation into whether auto imports are weakening the American economy and may impair national security. The Commerce Department said shortly after the White House’s statement issued late Wednesday that it’s beginning the probe.