Auto sales in June were higher than analysts expected, despite rising interest rates and rising prices for cars. Sales are expected to slow this year compared to last year, but not by much.
But proposed import tariffs on cars would throw a monkey wrench into the works. President Trump says he is considering imposing as much as a 25% tariff on all vehicles made outside the U.S.
That would hurt all auto companies, including GM, Ford, and Fiat-Chrysler, which make many of their cars in Canada, Mexico, and China, and import them into the U.S.