Economic news
Michigan governor warns Trump tariffs on Mexico, Canada could harm US auto sector
2025.01.15 11:34
(Reuters) – Michigan Governor Gretchen Whitmer on Wednesday warned that potential 25% tariffs on imports from Mexico and Canada suggested by President-elect Donald Trump could harm the U.S. auto sector, boost vehicle prices and benefit China.
The Democratic governor said in a speech in Detroit imposing tariffs would damage supply chains and slow production lines and would cut “jobs on both sides of the border. Think about this: 70% of all the auto parts we make in Michigan go directly to our neighbors…. The only winner in this equation is China. They would love nothing more than to watch us cripple America’s auto ecosystem all by ourselves. This is a matter of national security.”
