Detroit Three automakers say deal that cuts tariffs on imports from Japan but not on imports of Japanese vehicles built in North America is a ‘bad deal for US industry and US auto workers’.
When you think about what US automakers are facing in Trump tariffs:
- 50% steel tariffs
- 50% aluminum tariffs
- 50% copper tariffs
- 25% Canada tariffs
- 25% Mexico tariffs
- what have I missed?
its not difficult to see why they view 15% for Japan as a bad deal for them.
This article was written by Eamonn Sheridan at investinglive.com.