President Donald Trump's decision not to follow through with a shutdown of the Mexican border comes as a big relief for U.S. automakers, especially considering the industry is already struggling with the administration's tariffs on imported aluminum and steel and a slowdown in U.S. sales.
Mexico has grown from an automotive backwater to become the fifth-largest producer of fully assembled vehicles in the world, according to federal data. All told, about 2.57 million light-duty vehicles were exported from Mexico to the U.S. last year, industry data show. That included about 30 models sold by 15 different automotive brands, according to Mexico's Instituto Nacional de Estadística, Geografía e Informática.
Since the original North American Free Trade Agreement, or NAFTA, went into effect on January 1, 1994,"the auto industry has developed a highly integrated manufacturing network that has essentially eliminated borders" between the three trade partners, Cole added. But American-made vehicles, especially hot-selling products such as the new Ford Ranger pickup assembled in suburban Detroit, could have been hit by a border closure. While the figure varies by manufacturer and model, industry data indicate that 38% of the imported parts used in American plants come from Mexico.
Automakers have occasionally found ways to keep assembly plants running despite shortages of inconsequential parts. The assembly process can barely begin, however, without those bundles of wires that thread throughout every new vehicle. "Any action that stops commerce at the border would be harmful to the U.S. economy, and in particular, the auto industry. Access to Mexico's market place and North American integration are critical to operations in the U.S.," Matt Blunt, president of the trade group, the American Automotive Policy Council, said earlier this week.
The wall/immigrant rhetoric, animals' comments and such, is simply fodder for the base. Lose a little ground when not exonerated, in response, turn up the heat on the hate-o-meter.
Mexico shutdown was prob not a s&p500 pump worthy. So no he wouldnt do it.
He is the flip-flop man!!
Do you ever get the feeling that trump does not understand that the shit he says could have real life consequences. Beyond getting coverage on fox. ?
senategop realDonaldTrump potus seanhannity LouDobbs no one is answering this question-- why can't we allow freight/goods to go thru mexico BUT close the border for people.
VOTE THE REPUBLICANS AWAY!! Coming Next Year!!! NEW EFFECTIVE LEADERSHIP FOR ALL THE PEOPLE - WE NEED ACTION - WE NEED BRIDGES AND ROADS - NO MORE CORRUPTION FROM EITHER OR ANY PARTY!!! NO MORE BS!! NOMOREBS NOMOREGO
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Trump Closing The Mexico Border Could Throw The U.S. Into A RecessionWith the economy only growing between 2% and 3%, Trump closing the border with Mexico could disrupt the economy so much that it falls into a recession. Investors are not expecting him to follow through since he has cried wolf before, but his off the cuff decisions keep this a wild card. He could care less. Very ignorant person. BS!! any litany of bullshit from forbes !
Source: Forbes - 🏆 394. / 53 Read more »
White House looking to keep truck lanes open if Trump closes U.S.-Mexico border, Kudlow saysKudlow said that the Trump administration was exploring whether it could permit trucks carrying freight to cross the border if it is sealed. He cautioned that the president has not made any final decisions. Isn’t that NOT closing the boarder? God this man is just not that bright... Isn't that how most of the drugs come in? Your ridiculous lack of reporting the crisis on the border sure has helped NOONE! You really are the enemy of the people! I 🙏🏻🙏🏻your propaganda’s organization collapses
Source: CNBC - 🏆 12. / 72 Read more »
Arizona Gov. Doug Ducey doesn't support U.S.-Mexico border shutdown, as Trump has threatenedGov. Doug Ducey said he doesn't support shutting down the U.S.-Mexico border, saying that Mexico is Arizona's 'No. 1 trading partner, times four.' I know fat-boy Trump doesn't care about vegetables and fruits, but some of do. I know Trump and his fellow Republicans don't like the word diplomacy, but they should give it a try.
Source: YahooNews - 🏆 380. / 59 Read more »
Trump on closing the US-Mexico border: 'Security is more important to me than trade'The president reiterated his pledge to shut down the U.S.-Mexico border, saying security is 'more important' to him than trade. Meanwhile, his top economic advisor, Larry Kudlow, said the White House was working hard to mitigate any economic damage. Unstable non-genius. Translation: The trade thing is hard and not going well. I'll give this border thing another shot.
Source: CNBC - 🏆 12. / 72 Read more »
Ten U.S. Exports And Imports That Would Be Hurt If Trump Closes Mexico BorderIf President Trump follows through on his threat to close the U.S.-Mexico border this week, it will hit cross-border trade in the stomach, hammering tomato imports and U.S. pork exports, among other items. Here are the 10 largest imports and exports between the U.S. and Mexico. The Columbian marching powder powering the NY stock exchange? America won't learn its lessons until their elitist leaders create a monumental fuckening that affects their food supply. Let them eat cake. Then they'll look to their dear leader and demand human decency. Narcissistic shits. I have soluyion CAN TOMATOES
Source: Forbes - 🏆 394. / 53 Read more »
Trump not bluffing about closing U.S.-Mexico border, Conway saysWhite House counselor Kellyanne Conway said Trump is serious about possibly closing the U.S.-Mexico border this week Oh, you mean unlike all the other times when his words amounted to pretty much nothing. OK then. Trump doesnt have that power, Constitution says. Good. It's getting way too hectic down there right now.
Source: politico - 🏆 381. / 59 Read more »
Trump White House doubles down on threat to close U.S.-Mexico borderMulvaney said it would take “something dramatic” to persuade President Trump to keep the border open. Good, because ALL of his big GOP buddies and donors have factories in MEXICO too. Not just China. If you're in a hurry to collapse the economy, by all means, go for it. Which will only have an adverse reaction ... sad! 🙄
Source: washingtonpost - 🏆 95. / 72 Read more »
Ten U.S. Exports And Imports That Would Be Hurt If Trump Closes Mexico BorderIf President Trump follows through on his threat to close the U.S.-Mexico border this week, it will hit cross-border trade in the stomach, hammering tomato imports and U.S. pork exports, among other items. Here are the 10 largest imports and exports between the U.S. and Mexico. Media is pumping that information to public.... How Stupid are all these people... Let's see! On one hand we have imported tomatos & on the other hand we have thousands of illegals!! Ummmmmm! What to do, what to do This is truly a tough decision!
Source: Forbes - 🏆 394. / 53 Read more »
Trump still deciding whether to close the U.S.-Mexico border, top economic adviser saysNational Economic Council Director Larry Kudlow says top aides are preparing for a range of scenarios in advance of a presidential directive. Let him do it and then all the people who voted for him because he was so smart at business or because he would cut regulations that would be good for their business - all of them can go celebrate how great he is for the economy! 😂 .
Source: washingtonpost - 🏆 95. / 72 Read more »
Trump backs off threat to close the U.S.-Mexico borderThe climbdown marks the second such reversal this week. BETO: 'The rhetoric of a president who not only describes immigrants as rapists & criminals but as animals & an infestation ... I might expect someone to describe another human being as an infestation in the Third Reich. I would not expect that in the United States of America.” Trump will be voted out of office in the 2020 election. Mexico will be here and Trump will be gone.
Source: politico - 🏆 381. / 59 Read more »