Mexico Tariffs Not Good for Vulnerable Auto Industry
Mexico recently became the No. 1 trading partner with the U.S., and a significant percentage of that trade is completed by auto companies.
Already having laid off the highest number of employees in nearly a decade and attempting to recover from a year in which declining global car sales likely reduced world GDP by 0.2%, the auto industry is facing a direct hit from President Trump’s threatened tariffs on all goods from Mexico.
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