Tariffs Are Starting to Hit Consumer Confidence
The threat of a trade war through tariffs on Canada, Mexico, China and now the EU is coming to a head.
Tariffs on Canadian, Mexican and Chinese imports are set to go into effect March 4th with an additional 10% on Chinese imports.
All this tariff talk has started to negatively affect consumer confidence.
Automakers Will Be Hard Hit by Tariffs
The automobile industry will be one industry hard hit by a potential trade war and tariffs on Canadian and Mexican imports.
The truth is the North American auto manufacturing industry is complex intertwined industry of partners in all three countries: Canada, US and Mexico.
The only consensus is that the end result will be more expensive automobiles.
Here’s what automakers are doing to prepare for the upcoming volatility.
