![Trump’s tariff plans: Which global companies are likely to be affected?](https://cyprus-mail.com/wp-content/uploads/2025/01/mexico.jpg)
US President Trump said he could impose 25 per cent tariffs on Canada and Mexico from Feb. 1, sending shares of several Asian automakers and battery firms lower in trading on Tuesday.
Here are companies that may be affected (by sector, in alphabetical order):
AUTOMAKERS
AUDI
Volkswagen’s (VOWG_p.DE) Audi plant in San Jose Chiapa, Mexico, makes the Q5, employing just over 5,000 people. It produced nearly 176,000 cars in 2023,