Trump's Tariffs Threaten Auto Industry

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Technology

U.S. auto industry could be collateral damage in Trump's trade wars

Summary

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78% Informative

U.S. auto industry could be collateral damage in Trump ’s trade wars.

The tariffs pose an “existential’’ threat to North American auto production.

Kelley Blue Book says the average new car already approaching $ 49,000 by $ 3,000 or more.

The economic pain would intensify if Canada and Mexico counterpunched with tariffs on American exports.

The auto industry is trying to shift from gasoline-powered to electric vehicles.

The tariffs could hurt sales and limit the money available for the EV transition.

Trump insists that the hefty hit to imports from Canada and Mexico are n’t about trade; they’re about slowing the flow of undocumented immigrants and fentanyl.

Many analysts suspect that Trump has another goal: The 2020 U.S.-Mexico-Canada Agreement .

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formal

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English

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