Trump gives little comfort to carmakers by swapping border closure for tariffs
(Worthy News) – The U.S. auto industry, which risked losing access to Mexican suppliers if President Trump closed the southern border, received scant comfort when he walked back the threat in favor of tacking tariffs onto vehicles and parts.
If anything, the president’s vagueness only increased the uncertainty troubling the industry.
Trump had originally said he might shutter the border altogether this week, then shifted to blocking large sections rather than a blanket action. On Thursday, he pivoted again and gave Mexico one year to stop the illegal flow of drugs and migrants to the U.S. illegally or face tariffs on vehicles, followed by a closure. [ Source: Washington Examiner (Read More…) ]
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