Donald Trump’s Mexico tariffs would shift plants to Asia, warns car parts maker
Osamu Inoue, president of Sumitomo Electric, which makes parts for Volkswagen, Toyota and Stellantis, among others, said Trump’s threatened 25 per cent tariffs on Mexican goods would do more harm to US suppliers, which account for almost a third of car parts investment in Mexico.
Musk, far from repudiating the president, got so excited while celebrating Trump’s return that he gave a crowd two ...
The US president has already declared a national emergency at the border, as he begins his crackdown on immigration.
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