The US had to pause some of these new rates almost immediately, and the proposed 25 percent rates against all Canadian or Mexican entry have been delayed for a month. But yesterday the president imposed 25 percent rates on imported steel or aluminum. When it is last in function, Trump also imposed rates on steel (25 percent) and aluminum (10 percent), where a trade war was missing and the import of American steel would reduce much more than the production of domestic steel could rise To meet it.
“Let's really be honest: long -term, 25 percent rates on the Mexican and Canadian border would blow a hole in the American industry that we have never seen before,” Farley said, pointing out that the rates “would give OEMs” to OEMs “To OEM that import their vehicles from Japan, South Korea or Europe.
As the CEO of Polestar told Ars last week, the most important thing that car makers want to, is clarity. The last one they want is chaos, where the rules have changed from one to the next one based on grill. Farley had a similar message during the conference. “They must understand that there is a lot of policy uncertainty here, but in the meantime we are doing to manage the company as professionals,” he said.
