kscarbel2 Posted June 4, 2019 Share Posted June 4, 2019 Reuters / June 4, 2019 Navistar International Corp, which produces some of its trucks in Mexico, said on Tuesday it was too early to assess the impact of possible U.S. tariffs on the country on its operations. The company is working with trade associations and continues to monitor situation regarding tariffs, Chief Executive Officer Troy Clarke said on a post-earnings call with analysts. Last week, President Donald Trump threatened to impose 5% tariffs on all Mexican imports starting on June 10 if the country does not halt the flow of illegal immigration across the U.S.-Mexican border. The tariffs would increase monthly to up to 25% on Oct. 1. For years, carmakers and auto parts suppliers have built vehicles and parts in Mexico, taking advantage of the country's cheap labor, trade deals and proximity to the United States, the world's second largest auto market after China. Quote Link to comment Share on other sites More sharing options...
TS7 Posted June 5, 2019 Share Posted June 5, 2019 "For years, carmakers (truck makers too) and auto parts suppliers have built vehicles and parts in Mexico, taking advantage of the country's cheap labor". 25% starting 6-6-2019 would be better and build the wall, no gates. Mexico knows how to stop the tariffs if they want to. Quote Link to comment Share on other sites More sharing options...
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