Somebody knows the script and is making a killing here.
Tariffs on cars made in China should only affect Volvo.
I can’t think of anyone else.
“There is no such thing as a 100 percent U.S. vehicle, he told Reuters. (Bob Carter, head of U.S. sales at Toyota Motor Corp.)
I say maybe this is the one major problem. Can we ever get back to 100 percent U.S.?
Link below for article quote:
Only in an upside down world does lowering an import tariff make stocks go up. It should be the opposite.
Is this directed at China or at Canada and Mexico?
Don’t forget there is a new trade agreement with Canada and Mexico in negotiation as well as China.
If it is China, Trump just blinked. If it is Canada & Mexico negotiations are coming close to an agreement.