Trump’s tariffs, whether implemented or not, have already hurt the U.S. auto industry

U.S. carmakers and auto-parts suppliers, including many smaller operations that might have no financial cushion to withstand a prolonged standoff, are staring down a tariff abyss that may or may not come to pass, but whose cracks are already starting to show.

The Trump administration is set to enact 25% tariffs on Mexico and Canada products on Tuesday, following an one-month reprieve after the two countries reached agreements with the U.S. President Donald Trump late Monday said the

tariffs are “all set,” appearing to brush off the possibility of another deal.