If Trump were to proceed with a series of escalating tariffs on goods from Mexico, the economic damage could be far-reaching. Many automakers, including General Motors Co., ship vehicles manufactured in Mexico into the U.S. Those cars could be subject to Trump’s tariffs. “Let’s focus on solving the crisis at the border but not hurt our economy and endanger an important @POTUS goal — a better trade deal w/ #Canada & #Mexico,” Sen. But the law has never been used to impose tariffs, and some legal experts say it can’t. To heighten pressure on the EU, it is threatening to tax auto imports as soon as the fall.

Source: National Post June 01, 2019 03:56 UTC