Or, if you’re a car manufacturer, invest in European manufacturing as it’s cheaper to pay the 15% tariff on completed cars than it is to manufacture here and pay 50% tariffs on steel.
Yeah, the car thing alone is absolutely bonkers, the amount of times parts go back and forth across the U.S./Mexico/Candada borders during assembly of “American-made” vehicles is wild, it’s almost as though no actual economists were involved in the planning 🧐😵💫
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*Canada lol