Author: Unknown
Published on: 03/02/2025 | 00:00:00
AI Summary:
T-Day is set for February 4 when some retaliatory measures from its neighbours will also take effect. Americans are now bracing for what they expect will be higher prices on imported goods. So far, the US media have focused mostly on cutesy examples like tequila, avocados and beer. Any disruption in beer production in Mexico due to lower demand from its biggest buyer – the US – will inevitably hit US barley producers. A Trump supporter might rebut: “Suck it up and drink American. Disrupted supply chains will recover.” This is easier said than done, but Americans would still be faced with a disastrous situation. The North American auto industry is spread across the region, boosted by the US-Mexico-Canada Trade Agreement (USMCA) China and other established, efficient car-making countries could easily undercut Made-in-America vehicles. It is also worth noting that if manufacturing relocation to the US were enforced, companies would be incentivised to hire undocumented labour to skirt minimum wages and lower prices. But it hasn’t been the US subsidising Mexico or Canada, as he says.
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