It's not clear what the tariff rates are on Mexico and Canada now along with whether USMCA-compliant goods continue to trade tariff free, along with auto parts.
CNBC's Megan Casella reports:
We are going to need some clarity on this. I still suspect that the USMCA rates apply but we could see CAD and MXN selling if these 10% rates apply. It would also push effective US tariff rates back up as Mexico, China and Canada account for a great deal of total US imports.
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