The U.S. automotive industry is bracing for a massive shake-up after President Donald Trump announced a round of tariffs on imports from Canada, Mexico and China.
Initially set to take effect on Tuesday, the new measures impose a 25% duty on goods from Canada and Mexico, in addition to raising tariffs on Chinese imports by 10%. The tariffs were justified by Trump as a response to concerns over these countries’ roles in fentanyl trafficking, illegal immigration and trade imbalances.
Following a...
https://www.freightwaves.com/news/automakers-taken-for-a-spin-following-tariff-announcements