Shares of automakers plunged Monday as President Trump implemented tariffs on goods from Canada, Mexico, and China. Experts predict significant repercussions for the global automotive industry due to its reliance on North American manufacturing and intricate supply chains. Canada and Mexico have retaliated with threats of their own tariffs. This move comes at a particularly vulnerable time for Germany's auto industry, with major manufacturers facing economic challenges and weak demand in China.
Shares of auto giants fell sharply on Monday as U.S. President Donald Trump imposed long-threatened tariffs on goods from Canada , Mexico and China.
Analysts expect Trump's tariffs to have a profound impact on the global automotive industry, citing a heavy reliance on manufacturing operations across North America and complex supply chains.📺 24/7 Chicago news stream: Watch NBC 5 free wherever you are Trump signed executive orders on Saturday to implement 25% tariffs on Mexican and most Canadian goods, while imposing a 10% duty on Canadian energy products and Chinese goods, which are set to take effect from Tuesday.Canada and Mexico have hit back, threatening to impose retaliatory measures that included tariffs.
TARIFFS AUTOMOTIVE INDUSTRY GLOBAL ECONOMY MEXICO CANADA
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