14 Dec 2024 2:21 pm
https://www.inc.com/reuters/trump-tarif ... 5347Mexico 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.”Zeets2 » 14 Dec 2024, 2:44 pm » wrote: ↑ Just watch and you'll see!
Raising tariffs will encourage domestic production to grow and imports will be forced to drop prices to compete and absorb much of that new tariff. Many corporations will relocate back to the US to save the tariff, bringing millions of new jobs to the country, dropping unemployment to new lows and shooting the stock market to the moon!
There's nothing tricky about it!
Our trade deficits will sink as we become energy exporters once again, and we'll rely far less on other countries for many necessary products that will now be manufactured in the US.
And if you still want to buy a Toyota instead of a Ford that costs thousands less, that's your choice!
Watch and learn.