Global companies likely to be affected by Trump's promised tariffs

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Global companies likely to be affected by Trump's promised tariffs - Business Standard

Quick Summary:

US President Trump said he could impose 25% tariffs on Canada and Mexico from Feb.1, sending shares of several Asian automakers and battery firms lower in trading on Tuesday.

Tesla originally planned to start production in Mexico in early 2025 but has largely shifted to an expansion plan for its Texas plant.

Volkswagen's factory in Puebla is the largest auto plant in Mexico and one of the largest in the VW Group, according to the carmaker's website.