Also, most tier one and tier two auto suppliers aren’t limited to just their plants in the US. They have other plants in the world that could ramp up production should they decide to close the plant in the US without much time needed to do that. Closing and layoffs could come quickly
Reposted from
Scott Lincicome
"Roughly one-third of US auto parts suppliers said they would move production outside of the US if 25% tariffs on Canada & Mexico stay in place for six months.... Nearly a quarter...said they would cut or delay investments if tariffs lasted just a month" buff.ly/KX7Od5W
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