💨 Abstract
President Trump is considering a 25% tariff on imports from Canada and Mexico, effective Feb 1. These countries account for about 28% of US imports in 2024, with a total value of $844 billion. The automobile industry is a significant importer, with $202 billion from Canada and Mexico combined. Japanese automakers like Toyota may benefit if tariffs are applied as they source many parts from Japan or US suppliers.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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