And, so are the countertariffs, as the Wall Street Journal reports.
The tariffs themselves, even before Mexico and Canada announced countertariffs — and President Claudia Sheinbaum and Prime Minister Justin Trudeau announced they were coordinating response policy, had many Texas biz leaders worried, the Trib notes. (Kudos for it calling tariffs "taxes" in the opening graf.)
As for what this will affect? Per the WSJ, get ready to pay more for a new car, or repairs to an already-owned one, among other things:
Supply chains in the highly integrated auto sector face significant disruption because tariffs have an expansive impact. Mexico supplied about 42% of U.S. imports of auto parts last year and Canada almost 13%. With auto parts going back and forth among the three countries several times, tariff costs risk surging well above 25%, industry experts say.
That right there will piss off a lot of people, and be noticeable.
As for here in Tex-ass? Less politicized groups of businesses are worried; more politicized larger groups and individuals, plus people like Havana Ted, are bullshitting and hand-waving right now.
I thought the US economy was set to go into recession some time in the next four years even without this, and no matter which of the candidates was elected US president. This only confirms that.
Related? A reminder to BlueAnon that Biden kept in place Trump's tariffs on China — and also continued Trump's bribing of US agriculture.
Finally, as to Trump's claims that this would fight drug cartels? The Trib concludes by saying it will backfire, if anything.
(We'll see what happens after 1 month from now, with the temporary pause versus both Canada and Mexico.)
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