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US auto industry could be collateral damage in Trump’s trade wars

President Donald Trump's proposed 25% tariffs on imports from Canada and Mexico threaten over $300 billion in annual U.S. Automotive trade and dramatically raise new car prices.
Analysts estimate that these tariffs could decrease auto sales by 10.6% in the U.S. And 13.6% in Canada, threatening North American auto production.
The tariffs are intended to address undocumented immigration and drug trafficking, according to Trump.
Experts warn of severe economic impacts, with potential recessions in Canada and Mexico and stagnant growth in the U.S. As noted by Andrew Foran of TD Economics.

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Financial Times

How Trump’s tariffs threaten an iconic US pick-up truck

Chevrolet Silverado’s complex supply chain leaves it particularly vulnerable to a looming trade war

9 hours ago·London, United Kingdom

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Financial Post

Oil Edges Higher as Traders Weigh Fallout From Trump's Tariffs

Oil gained at the start of the week ahead of planned tariffs by the Trump administration on major US trading partners including China, which raises the prospect of …

13 hours ago·Canada

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CNN

+2 Reposted by 2 other sources

Trump wants to protect South Africa’s White farmers. But potential changes to trade privileges would hurt them

A contentious law that allows South Africa’s government to expropriate land has enraged the United States. Many fear that the African nation could now potentially lose some of its US trade privileges.

1 day ago·Atlanta, United States

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Buffalo News

Trump is driving U.S. auto industry into the ground

If Chinese President Xi Jinping wanted to take down the U.S. auto industry − and he probably does − he couldn't have a better helper than Donald Trump. The American president's tireless efforts to slow America's shift to electricity-run transportation…

1 day ago·Buffalo, United States

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