Business & Finance
Business and Finance
Business and Finance
Wed, November 27, 2024
[ 04:02 AM ] - Bill Williamson
[ 04:01 AM ] - Bill Williamson
[ 04:01 AM ] - Bill Williamson
[ 03:40 AM ] - Bill Williamson
[ 03:40 AM ] - Bill Williamson
[ 03:40 AM ] - Bill Williamson
[ 02:40 AM ] - Bill Williamson
[ 01:40 AM ] - Bill Williamson
[ 01:40 AM ] - Bill Williamson
[ 12:40 AM ] - Bill Williamson
Tue, November 26, 2024
[ 06:20 PM ] - Bill Williamson
[ 06:20 PM ] - Bill Williamson
[ 05:40 PM ] - Bill Williamson
[ 04:40 PM ] - Bill Williamson
[ 03:00 PM ] - Bill Williamson
[ 02:00 PM ] - Bill Williamson
Analysts react to Trump's threat of North American tariffs
- Financial analysts on Tuesday reacted to a threat from U.S. President-elect Donald Trump to impose 25% tariffs on top trade partners Mexico and Canada when he takes office for a second term in January in a move that could trigger a trade war.
The article from Reuters discusses the potential impact of former U.S. President Donald Trump's threat to impose a 10% tariff on all imports if he wins the 2024 election, focusing particularly on the automotive industry. Analysts suggest that such tariffs could significantly disrupt North American trade, especially affecting the automotive sector which relies heavily on integrated supply chains across the U.S., Mexico, and Canada. The proposed tariffs could lead to higher costs for consumers, retaliatory measures from trading partners, and could potentially undo some of the benefits from the USMCA (United States-Mexico-Canada Agreement). Industry experts are concerned about the economic implications, including job losses, increased vehicle prices, and a possible shift in manufacturing strategies to mitigate tariff impacts. However, some believe that the threat might be more of a negotiation tactic to push for better trade terms rather than an actual policy implementation.
Read the Full Reuters Article at [ https://www.reuters.com/business/autos-transportation/analysts-react-trumps-threat-north-american-tariffs-2024-11-26/ ]
Read the Full Reuters Article at [ https://www.reuters.com/business/autos-transportation/analysts-react-trumps-threat-north-american-tariffs-2024-11-26/ ]
