President Donald Trump sits with Maria Bartiromo on ‘Sunday morning futures’.
United Auto Workers (UAW) Union President said in an interview on Sunday that President Donald Trump’s Tariff on Canada and Mexico
UAW President Sean appeared on Fen ABC news “this week” And defended the controversial tariff, which has inspired vengeance by Canada and Mexico against American exports and feared a broader trade war.
“We are in a crisis mode in this country,” Fen said. He said that the international trade system is “broken” and that the US is in a “triangular status”, while explaining that tariffs “are not the final solutions” but “is a big factor in fixing this problem.”
“Tariff has been an attempt to prevent bleeding from jobs in the US for the last 33 years,” Fen said that he blamed the North American Free Trade Act (NAFTA) for the cause of “millions of jobs”, which was replaced by the US-Maxico-Canada Agreement (USMCA) to leave the US NAFTA, which was a Tripa in 2019.
Car prices can rise by $ 12,000 due to Trump’s latest tariff
UAW President Sean Fan defended President Donald Trump’s tariff. (Photo by Scott Olson / Getty Image / Getty Image)
Trump delays 25% tariff Auto imports For another month from Canada and Mexico till 2 April. At the time, Trump’s mutual tariff regime is also expected to be effective and extend the American tariff to match those who impose foreign trading partners on American exports.
Under NAFTA and USMCAThe North American auto industry is deeply connected between the US, Canada and Mexico as vehicle manufacturers have distributed production facilities in all three countries to promote efficiency.
Late car payment increases to the highest level in more than 30 years
The North American auto industry has facilities in the US, Mexico and Canada that may be affected by tariffs. (Through Right / Bloomberg Getty Image / Getty Image)
Are tariffs Imported goods. As applied to the North American auto supply chain, tariffs can increase the cost in the prices paid by vehicle manufacturers as well as consumers.
Some auto parts cross the US border several times during the production process – which will increase a tariff every time Trump’s tariff is applied.
An analysis by Anderson Economic Group found that the prices of 25% auto tariffs would increase by thousands of dollars.
Get Fox Business when you click here
Prices increase in crossover utility vehicles will look at least $ 4,000, while pickup trucks will increase $ 8,000 and large SUVs $ 9,000. Electric vehicle The greatest cost will be seen to be seen, which moves above $ 12,000.
