It is not clear what will be accomplished.
If you have opinions on what will be accomplished please share them.
This will pump up the Mexican identity. This will increase inflation in the US. We are at risk of a recession. Granted over time we will end up with more of the auto industry.
The full percentage is not know. The first trial balloons are for negotiation purposes.
This will leave a lot of loose ends in our trade policy.
Seems that would put a dent in the USMCA, his own handiwork. He has said he wants to renegotiate when the USMCA comes up for renewal, so threatening tariffs on Mexican goods could be an opening bargaining position.
Of course, a tariff war over lumber, has been going on with Canada, for years, in spite of the USMCA/NAFTA
Steve
China shipping steel to Mexico so Mexico steel can go to the US duty free is an obvious work around to US tariffs.
The logical solution is for Mexico to adopt tariffs similar to those of the US.
To be negotiated. Stay tuned.
His idea of…
OOOOwww look something shiney.