Consider This from NPR The enormous consequences Trump's tariffs could have
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Dec 8, 2024 The podcast dives into the potential fallout from proposed tariffs on imports from Canada and Mexico, particularly in the auto industry. It highlights how a 25 percent tax could disrupt the delicate automotive supply chain, raise vehicle costs, and affect job security in American manufacturing. With rising consumer prices at stake, the discussion also touches on union concerns and differing worker perspectives on the benefits and challenges of these trade policies. The ripple effects of tariffs extend beyond the industry to everyday life, making this a compelling topic.
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Trucker Protest Impact
- The 2022 Canadian trucker protests blockaded the Ambassador Bridge, disrupting US-Canada trade.
- This significantly impacted car companies reliant on cross-border parts, costing them about $300 million.
Tariff Impact and Enforcement
- Trump's proposed 25% tariffs on Canadian and Mexican imports affect the car industry, heavily reliant on cross-border trade.
- While a free trade agreement exists, enforcement relies on retaliation, not legal action.
Tariffs and Car Part Costs
- Car part costs would rise significantly due to tariffs, impacting affordability already at a high of $49,000 for new vehicles.
- Parts often cross borders multiple times during assembly, compounding tariff effects on all car companies.