Showing posts with label automobiles. Show all posts
Showing posts with label automobiles. Show all posts
Thursday, July 2, 2026
Krugman 'Shocked' By New Auto Tariff Outlook
As the United States, Canada, and Mexico prepare to renegotiate the USMCA trade deal, one industry sits squarely at the center of the debate: automobiles. Companies like Linamar depend on highly integrated supply chains that send components across borders multiple times before a vehicle is completed. Nobel laureate Paul Krugman argues that competition from China demands some trade barriers, while Council on Foreign Relations expert Shannon O’Neil says the region’s manufacturing strength depends on cross-border production. Supporters of the agreement warn that uncertainty poses the biggest risk to investment, jobs, and the future of a trade relationship that supports over a trillion dollars in annual commerce.
Friday, March 28, 2025
Why Trump’s 25% tariffs on autos could backfire | Steven Greenhouse | The Guardian
When CEOs are feeling so uncertain due to Trump's volatility, capriciousness and antics – as well has him changing his mind every few days on trade policy – that Trump-induced sense of instability means auto executives are unlikely to do what Trump wants: to rush to invest a billion or two to build a new auto plant…
The Canadian Chamber of Commerce warned that Trump's auto tariffs could backfire badly. In a statement, the chamber said: "Throwing away tens of thousands of jobs on both sides of the border will mean giving up North America's auto leadership role, instead encouraging companies to build and hire anywhere else but here. This tax hike puts plants and workers at risk for generations, if not forever."
Tuesday, January 19, 2021
PolitiFact | Bans on animal ag and gas-powered cars not on the Biden agenda
...There is no scientific basis that the elimination of greenhouse gas emissions would mean the elimination of animal agriculture or gas-powered cars, according to a Stanford University Earth Systems Science professor...
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