Source: twitchy.com - Friday, May 31, 2019
Deutsche Bank is out with a new report warning that President Donald Trump’s punitive proposed tariffs on Mexico could “cripple” U.S. automakers who rely on imports of both cars and parts from Mexico to keep costs down: Deutsche Bank: Trump's Mexico tariffs could 'cripple' U.S. auto industry, raise average price of cars by $1,300 https://t.co/AMWPi4YULB — Philip Klein (@philipaklein) May 31, 2019 The biggest winners of the tariffs will be Japanese and Korean automakers: Mexico tariffs would disproportionately hurt US car makers relative to Japanese and Korean companies. Price of GM cars would go up ~$2500, while Toyotas and Hondas would only increase by a few hundred dollars and Hyundais would be barely affected https://t.co/AMWPi4YULB — Philip Klein (@philipaklein) May 31, 2019 Whoops? So Trump's brilliant "American first" tariff policy on Mexico would actually make it relatively more attractive for American consumers to purchase foreign cars over American ones. https://t.co/AMWPi4YULB — Philip Klein (@philipaklein) May 31, 2019 Now, there’s a good chance these tariffs never go into effect anyway. Mexico’s Foreign Affairs Sec. Marcelo Ebrard tweeted that he’s been in contact with Jared Kushner and Mike Pompeo about Trump’s plan. Translation: For boarding flight to Washington via Houston, I just got a call with Jared Kushner and Mike Pompeo. Negotiation process starts. I heard interest and respect for President Lopez Obrador’s l
Source: Breaking News
Deutsche Bank is out with a new report warning that President Donald Trump’s punitive proposed tariffs on Mexico could “cripple” U.S. automakers who rely on imports of both cars and parts from Mexico to keep costs down: Deutsche Bank: Trump's Mexico tariffs could 'cripple' U.S. auto industry, raise average price of cars by $1,300 https://t.co/AMWPi4YULB — Philip Klein (@philipaklein) May 31, 2019 The biggest winners of the tariffs will be Japanese and Korean automakers: Mexico tariffs would disproportionately hurt US car makers relative to Japanese and Korean companies. Price of GM cars would go up ~$2500, while Toyotas and Hondas would only increase by a few hundred dollars and Hyundais would be barely affected https://t.co/AMWPi4YULB — Philip Klein (@philipaklein) May 31, 2019 Whoops? So Trump's brilliant "American first" tariff policy on Mexico would actually make it relatively more attractive for American consumers to purchase foreign cars over American ones. https://t.co/AMWPi4YULB — Philip Klein (@philipaklein) May 31, 2019 Now, there’s a good chance these tariffs never go into effect anyway. Mexico’s Foreign Affairs Sec. Marcelo Ebrard tweeted that he’s been in contact with Jared Kushner and Mike Pompeo about Trump’s plan. Translation: For boarding flight to Washington via Houston, I just got a call with Jared Kushner and Mike Pompeo. Negotiation process starts. I heard interest and respect for President Lopez Obrador’s l
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Source: Breaking News
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