Automakers scramble to calculate U.S. parts content exempt from Trump tariffs
Volkswagen makes the Tiguan crossover at a plant in Puebla, Mexico. Imports to the U.S. have a 25 percent tariff, minus the value of U.S. parts and materials. (REUTERS)
Ford is hiking prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following President Donald Trump‘s tariffs.