According to Bloomberg, about 15% of vehicles sold in the U.S. are built in Mexico, and if tariffs take effect, automakers would face higher production costs that could lead to higher prices for consumers. See Also: How do billionaires pay less in income tax than you? Tax deferring is their number one strategy.

According to reports, the Nissan is "studying" the possibility of leaving Mexico if Trump goes through with his threats of imposing a 25% tariff on Mexican goods

Nissan CEO Makoto Uchida said if President Trump follows through on his plan to impose 25 percent tariffs on imported goods from Mexico, the company might be forced to move its production out of Mexico.

Nissan has announced that it is evaluating the possibility of relocating its production operations from Mexico due to the tariffs proposed by U.S. President Donald Trump

Trump has said higher tariffs would spur companies to create more auto sector jobs in the U.S. — but economists are skeptical.