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Analysts react to Trump's threat of North American tariffs

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/ ]