CORASINMACRO.com Cio Joseph Wang argues that President Donald Trump’s tariffs on Canada and Mexico are more than just one conversation strategy on ‘Money Making Money’.
CEO of Nissan Makoto Uchida suggested that President Trump’s tariff car manufacturer could force the carmaker to transfer his production outside Mexico.
“From Mexico to America, we are exporting a significant number of cars this financial year (…), 320,000 units are exported from Mexico to America, and if high tariffs are installed, we It needs to be prepared for this, and perhaps we may have moved the production of these models somewhere else, we would think how we can make it a reality while monitoring the situation, “Uchida Said, according to A, according to A Translation to Reuters,
The move can be a major setback for Mexico’s auto production sector, as about 670,000 vehicles were built by Nissan in the country last year, out of which 456,000 were exported. Spanish language,
The outlet said Nissan is second in Mexico For those matrix after General Motors.
White House economists say that mutual tariff talks with other countries
White House Counselor Peter Navarro expanded the “most powerful weapons” for trade and manufacturing, Trump against inflation, “morning with Maria.” (Chip Somodeville / Getty Images)
“We are exporting a large amount to us, so if there is a high tariff, it will be a huge implication on our business, so we need to monitor it carefully.”
Trump’s 25% tariff on Mexico is currently taking place at least till March after a conversation with Mexican President Claudia Shinbam. Trump has argued that the primary goal of tariffs on the southern neighbor of the United States is to promote border security.
Nissan CEO Makoto Uchida speaks on 29 November 2021 during a Bloomberg television interview at the company’s global headquarters in Yokohama, Japan. (Kiyoshi Ota / Bloomberg / Getty Image)
Trump said, “It was a very friendly conversation in which she agreed to supply 10,000 Mexican soldiers on the separate border of Mexico and the United States. Will be nominated, and illegal migrants in our country, “Trump said. A true social post after a conversation with Shinbam, as critics argued that Mexico has sent several times in border soldiers in the past years.
What is happening with Trump’s tariff on China, Canada and Mexico?
Nevertheless, Trump said that the talks between the two countries will now be organized by the cabinet officials, which included the state secretary Marco Rubio, Commerce Secretary Howard Lutnik and Treasury Secretary Scott Besant.
Treasury Secretary Scott Besent discussed “morning with morning” on global trade and Tram’s tariff schemes. (Paul Moriga / Getty Image)
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However, the possibility of tariff resume is causing popular companies in the United States, such as Nissan, to consider tasks to avoid high cost if their production lines are based out Mexico, China or CanadaIn addition to tariffs with Mexico, the White House announced that there would be mutual tariffs on countries that add a premium to the cost of American goods.
“By making business more mutual and balanced, we can reduce trade deficit; we can increase the United States economy, and our business with business partners for the benefits of American workers, manufacturers, farmers, ranchers, entrepreneurs and businesses Can improve relationships, “Trump,” said in Trump. Memorandum on Thursday.
