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Mexico, Japan, Canada, and South Korea import the most cars to the United States. Millions of cars sold in the U.S. each year are assembled in Mexico and Canada alone.Ford CEO Jim Farley said earlier this month that tariffs \"would have a huge impact on our industry with billions of dollars of industry profits wiped out.\". On Monday, Trump signed an executive order imposing 25% tariffs on imports of steel and aluminum, causing shares of car makers General Motors, Ford, and Tesla to fall. Because auto makers use some imported metals to make their cars, the tariffs could lead to higher car prices for consumers. 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