11-12-2019, 12:21 PM
Carmakers have quietly promised big investments in their American factories in hopes of avoiding the tariffs as a Wednesday deadline for the president to make a decision approaches. https://www.nytimes.com/2019/11/11/busin...riffs.html
This issue is Trump's USMCA agreement... win-win-win for US, Mexico, and Canada... requires "75% of North American auto content must originate from manufacturing within North America." Failure to reach that threshold means the auto company will incur a 25% tariff.
This issue is Trump's USMCA agreement... win-win-win for US, Mexico, and Canada... requires "75% of North American auto content must originate from manufacturing within North America." Failure to reach that threshold means the auto company will incur a 25% tariff.