Reported about 7 hours ago
As President Donald Trump considers a 25% tariff on imports from Canada and Mexico set to begin on February 1, 2024, around 28% of U.S. imports, valued at $844 billion, originated from these countries last year. The automobile sector is notably affected, with over $202 billion in imports. Experts believe that Japanese automakers could benefit if tariffs are imposed, as they rely on Japanese parts or domestic U.S. suppliers.
Source: YAHOO