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Summary
- President Trump's tariffs on Mexico, Canada, and China could negatively impact the automobile industry, with potential additional tariffs on the EU.
- Companies with production in Canada and Mexico may face increased costs, while US-based manufacturers like Tesla could benefit.
- The market has reacted, with stocks of companies like Stellantis and Volkswagen dropping, while Tesla outperformed due to its US-centric production.
- The US imports millions of vehicles from Canada and Mexico, making these tariffs particularly impactful on the automotive supply chain and pricing.
- Looking for a helping hand in the market? Members of Cash Flow Club get exclusive ideas and guidance to navigate any climate. Learn More »
Monty Rakusen
Article Thesis
The President of the United States, Donald Trump, has ordered tariffs on Mexico, Canada, and China, with additional tariffs on the EU countries being possible. While things can change, of course, the tariff threat could turn into a meaningful headwind for some automobile
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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