FyneLaid_E 25yo Fayetteville, North Carolina, United States

US tariffs on Mexico and Canada would hurt the entire North American auto industry

BUY quality bulk Yahoo Twitter Hotmail Google Voice Facebook Accounts
MsBrianna 43yo Looking for Men Kent, Ohio, United States

• The automobile industry has been a focus as the Trump administration rolls out tariffs on Mexico and Canada.
• Canada and Mexico are the top two US exporters of vehicles to the United States.
• The entire North American automobile industry would suffer if Canada and Mexico are forced to pay US tariffs.

---

President Donald Trump’s administration has reignited talk of trade wars after announcing a new round of steel and aluminum tariffs targeting several US allies. Franklin Templeton Multi-Asset Solutions’ Stephen Lingard discusses the implications of a potential trade war and explains why he thinks these tariffs pose threats to the North American auto market in particular.

On May 31, the Trump administration followed through with a previous threat to impose tariffs on steel and aluminum imported from Canada and Mexico, as well as the European Union (EU). The move came two days after the administration said it would proceed with tariffs on goods made in China.
See the rest of the story at Business Insider

NOW WATCH: How a $9 billion startup deceived Silicon Valley

See Also:

• Trump said the trade deficit hands jobs and wealth to other countries — here's why that's wrong
• Microsoft has a problem with Xbox that it can't buy its way out of
• Toronto home sales plunged 22% in May — and it shows the city's housing bubble is getting serious

SEE ALSO: GM and Honda are joining forces to create the next generation of batteries for electric cars

more on Geo altCom
bkr1996 34yo Nashville, Tennessee, United States

sharon101001 29yo Looking for Men Worthington, Minnesota, United States