Trump’s Auto Tariffs, Threats on Allies Intensify Trade War
Bloomberg Businessweek
Impact of New Auto Tariffs
This chapter examines the recent 25% tariffs on auto imports not made in the U.S. and their potential implications for the economy. It discusses the temporary exemptions for Canada and Mexico, the administration's goals for enhancing domestic manufacturing, and the uncertainties following these trade policies. The chapter also highlights how these tariffs could influence GDP and inflation, emphasizing the complex nature of economic modeling in response to various tariff scenarios.
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