Closing the border with Mexico could bring the auto industry to a halt, experts say. Roughly 37% of the imported parts used on US-made vehicles are imported from Mexico.
— and there are few places where that would be felt more immediately than in the American auto industry.
“It would be a major disruption” if a border shutdown were to last more than a couple of days, said David Cole, director-emeritus of the Center for Automotive Research. ....through their country and our Southern Border. Mexico has for many years made a fortune off of the U.S., far greater than Border Costs. If Mexico doesn’t immediately stop ALL illegal immigration coming into the United States throug our Southern Border, I will be CLOSING.....The president’s threat is the latest move in an ongoing battle that began when Trump was still a candidate.
Were Trump to move in the coming weeks it could hit automakers at a particularly vulnerable time, spring traditionally bringing the industry’s strongest sales. Since NAFTA came into force on Jan. 1, 1994, automakers have broadly integrated their U.S., Mexican and Canadian operations. At the same time, Mexico has evolved from an industry backwater to become one of the world’s largest automotive manufacturers. The NAFTA agreement has contributed to that growth, as have the many other free trade agreements the country has negotiated. Low labor costs are the other contributing factor.
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