• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Michigan governor warns Trump tariffs on Mexico, Canada could harm US auto sector

by January 15, 2025
written by January 15, 2025

(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.”

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Bank of England to cut interest rates four times this year – Reuters poll
next post
Tesla, Facebook lead market cap stock movers on Wednesday

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Barbie, Monopoly toymakers see bright holiday season despite tariff pressure

      October 29, 2025
    • Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

      October 24, 2025
    • X-ray tables, hidden cameras: The tech in rigged poker games linked to the mob and NBA

      October 24, 2025
    • Travis Kelce part of investor group aiming to revive struggling Six Flags

      October 24, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (660)
    • Stock (6,426)

    Latest News

    • Barbie, Monopoly toymakers see bright holiday season despite tariff pressure
    • Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

    Popular News

    • Stunning rally in Big Tech drives Nasdaq to 20,000
    • Honda Nissan merger would be mostly positive for Renault: Jefferies

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy