Trump says he plans to enact 25% tariffs on imports from Canada and Mexico and add to existing tariffs on China on his first day in office
Trump says he plans to enact 25% tariffs on imports from Canada and Mexico and add to existing tariffs on China on his first day in office
Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes.
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Ford, GM, Chrysler instantly regretting their republican pac contributions as Toyota comes to eat their lunch even harder.
(Toyota assembly and majority sourcing for USDM is done entirely within the US while domestic companies have mostly outsourced to Mexico heavily)
How can I succinctly put it? Hmm..
It will affect Canada a lot more.
Even with 25% tariffs, it will still be cheaper to make in Mexico. And they will no longer have to pay the workers the same as the US, as they do under USMC.
My dad’s Tundra was built in Indiana My Camaro was built in Quebec
Those companies will just bribe him into writing in an exemption for them.
Grift >>>>> Governance
Toyota and Honda(Ohio, baby)
Just got set up.
I hope they both roll strikes because I love em both.
I recently read that the Toyota Crown is assembled in Japan. Has there been any hints of tariffs there?
Correct, that is JP built, along with a cpuple other small name models.... And trump has flat said everything imported is gonna see a minimum 10% tax. seeing as how the Crown made up for <1% of toyota's total sales volume for q3 2024, I doubt there's going to be a huge overall impact to their sales competitiveness vs the Big 3's entire lineup though
The Camry is imported from Japan. And the Rav4 from Canada.
I've never even heard of that model; I could be wrong but I'm having a hard time imagining it makes up a very sizeable chunk of their inventory or sales ledger
Me either. I looked it up and I’ve seen one in town parked at Hobby Lobby. It’s an EV or Hybrid crossover that’s replaced the Avalon And it costs Mercedes money anyway so I don’t see how a tariff will matter to potential customers.