Tariffs Have Arrived. Here’s How Automakers Are Reacting
The 30-day moratorium is over. The Trump Administration followed through on a 25-percent tariff for all imported goods from Canada and Mexico, effectively blowing up decades of trade between the North American countries over claims that “unchecked drug trafficking” poses a threat to U.S. national security. The auto industry could take the hardest hit in this action. As the Detroit Free Press pointed out, new product plans for automobiles generally…