Barclays today highlighted that finished automobile exports are 5% of Mexico's GDP. Yet with 25% tariffs announced yesterday, the peso is only down 0.8% and it's still above when Trump was re-elected.
The market thinks it's all a bluff.
Now, Canada's Globe & Mail reports that Ontario "expects the US administration to significantly ease the impact of auto tariffs on Canada" after a call yesterday between Ontario Premiere Doug Ford and US Commerce Secretary Howard Lutnick.
Lutnick callard Ford right after Trump's announcement, the report said.
"The source said the changes likely won’t eliminate the impact of tariffs but will give Canadian and Ontario automakers a very significant relative advantage against the rest of the world."The announcement could come April 2 or later, the report says.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about ontario expects the us to significantly lower auto tariffs report was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Ontario expects the US to significantly lower auto tariffs - report )
Also on site :
- One person in critical condition following two-vehicle collision on SR-126 at Boosey Road
- Kentucky congressman announces death of longtime staffer, campaign manager
- Man injured after jumping from upper floors of Grand Mosque in Makkah