Trump, tariffs and Mexico
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USA TODAY |
Those tariffs, as well as those on imported aluminum and steel, are among duties already imposed by the Trump administration that could greatly affect Michigan because of its oversized reliance on th...
Reuters |
Goldman Sachs on Thursday cut its estimate for automobile sales in the U.S. for this year by nearly 1 million units, as President Donald Trump's tariffs make it more expensive to buy a vehicle.
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El Paso Times on MSN13d
Trump's tariffs weigh heavily at Mexico manufacturing trade show in El PasoThe possibility of U.S. tariffs on Mexican imports, particularly in the auto industry, has created uncertainty for suppliers to Mexico's factories. Mexico has become a major center for auto manufacturing due to its skilled workforce and trade agreements.
Tariffs will push the average price of car insurance to more than $2,500 per year. But you can save with CNBC Select's tips on lowering your premiums.
Auto workers expressed uncertainty and hope outside a Stellantis assembly plant in central Mexico that is scheduled to begin a month-long pause in production.
President Sheinbaum said on Tuesday that the majority of automobile executives with plants in Mexico have no plans to move their factories.
Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off.
7don MSN
Automaker Stellantis is temporarily halting production at a plant in Canada and a plant in Mexico shortly after President Donald Trump announced a 25% tariff on imported vehicles.
The country got hit in the early days of Trump’s trade war, but now it looks more attractive amid steep new levies on low-cost manufacturing rivals like China and Vietnam.
It's only been a few days since President Trump's 25% tariffs on foreign cars took effect. But the import surcharge has led to some immediate changes, including layoffs and pauses in car shipments.