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.
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
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