US EditionCompanies preparing for tariff turbulence as U.S. set to announce latest round
- On April 3, new 25 percent tariffs on cars and parts will take effect, announced by U.S. President Donald Trump on March 26.
- The tariffs may impact one million jobs in Mexico and five million jobs in the U.S., as the automotive industry faces uncertainty regarding compliance with the T-MEC agreement.
- In response, Mexico's Economy Secretary is working to align 90 percent of exports with T-MEC guidelines, amidst fears of a recession if tariffs are implemented.
- Canadian companies have also reacted by stockpiling goods and cutting staff, with a 27 percent decrease in production capacity expected due to tariff threats from the U.S.
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Companies Preparing for Tariff Turbulence as US Set to Announce Latest Round
Impending U.S. tariffs have pushed Canadian companies to stockpile goods, cut back staff, put projects on hold and whatever else they think will help them survive the economic turmoil ahead. U.S. President Donald Trump is set to unveil his administration’s latest tariffs on numerous countries later today, but it’s unclear what their scope or scale might be. The threats have forced all sorts of company responses, ranging from businesses rolling o…
·New York, United States
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Winnipeg Free Press+14 Reposted by 14 other sources
Companies preparing for tariff turbulence as U.S. set to announce latest round
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Leaning Left4Leaning Right2Center1Last UpdatedBias Distribution57% Left
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