Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Stock

Trump threatens a 200% tariff on vehicles imported from Mexico

by
October 7, 2024
in Stock
0
Trump threatens a 200% tariff on vehicles imported from Mexico
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

By James Oliphant and David Shepardson

(Reuters) – Republican U.S. presidential candidate Donald Trump on Sunday said he would slap tariffs as high as 200% on vehicles imported from Mexico as he ratchets up his protectionist trade rhetoric ahead of the Nov. 5 election.

Trump, facing Democrat Kamala Harris in a tight race, has previously pledged that if elected again as president he would set a 100% duty on imported cars and trucks with the goal of aiding the domestic auto industry. But while speaking at a rally at an airport in Juneau, Wisconsin, Trump doubled the figure. 

“We’ll put a tariff of 200% on if we have to,” Trump said. “We’re not going to let it happen. We’re not letting those cars come into the United States.”

The former president stumped in Wisconsin for the fourth time in eight days, underscoring the importance his campaign is placing on the state with less than a month to go until Election Day.

Opinion polls have shown Harris, the U.S. vice president, with a slight edge in Wisconsin after the state voted for President Joe Biden over Trump four years ago. 

Both Harris and Trump have expended a massive amount of time, money and resources in Michigan, Pennsylvania and Wisconsin, which are considered keys to victory in the U.S. electoral college. Trump swept the states in 2016 against Democrat Hillary Clinton on his way to becoming president. Biden did the same in 2020. 

Harris campaigned with former Republican U.S. congresswoman Liz Cheney in Wisconsin on Thursday. 

Trump’s rally in Juneau came less than 24 hours after he staged a rally in Butler, Pennsylvania, the site of an assassination attempt against him in July. 

Trump made his remarks on tariffs as he pledged to bolster the U.S. auto industry. Experts have said his plans could increase vehicle prices. 

Mexico exported about 3 million vehicles to the United States in 2023, with the Detroit Three automakers accounting for about half of those exports. 

The Tax Policy Center think tank has said that a massive new tariff on Mexican vehicle exports “likely would drive up the cost of motor vehicles, domestic as well as imports, used cars as well as new.” 

Trump previously threatened large tariffs on cars from Mexico as president and as a candidate in 2016. Imposing up to 25% tariffs on Mexican autos and components could have severe impacts on the industry and hike vehicle costs, automakers said in 2019.

Trump spent much of the early part of his nearly two-hour speech in Juneau bashing the Biden administration’s response to Hurricane Helene, which devastated parts of the Southeast and left 227 people dead and hundreds of thousands without power.

Harris had left people “stranded,” Trump said, without providing evidence. 

“This is the worst response to a storm or a catastrophe or a hurricane that we’ve ever seen,” Trump told the crowd in Juneau.

Earlier on Sunday, Deanne Criswell, the administrator of the Federal Emergency Management Agency, on ABC’s “This Week” program defended the administration’s actions, saying that the agency has enough resources to aid in recovery efforts.

“We continue to move in critical commodities into the places that have been hard to reach,” Criswell said.

Criswell called claims by Trump and other Republicans that FEMA funding was being diverted to migrants in the country illegally “frankly ridiculous and just plain false.”

This post appeared first on investing.com
Previous Post

Tokyo Metro looks to raise up to $2.4 billion in largest Japan IPO since 2018

Next Post

Thyssenkrupp reviews plans for green steel production

Next Post
Thyssenkrupp reviews plans for green steel production

Thyssenkrupp reviews plans for green steel production

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Microsoft says goodbye to the Windows blue screen of death

Microsoft says goodbye to the Windows blue screen of death

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Microsoft says goodbye to the Windows blue screen of death

Microsoft says goodbye to the Windows blue screen of death

June 30, 2025
Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

June 30, 2025
Divided Fed proposes rule to ease capital requirements for big Wall Street banks

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

June 26, 2025
Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

June 26, 2025

Recent News

Microsoft says goodbye to the Windows blue screen of death

Microsoft says goodbye to the Windows blue screen of death

June 30, 2025
Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

June 30, 2025
Divided Fed proposes rule to ease capital requirements for big Wall Street banks

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

June 26, 2025
Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

June 26, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved