1424 ET - Trump's 25% tariffs on imported vehicles includes "a minimal form of protection for the North American auto supply chain," Wolfe Research's Tobin Marcus and Chutong Zhu write. They say the tariffs exclude U.S. content of USMCA-compliant vehicle imports, among other carve-outs beneficial to the U.S.-Canada-Mexico agreement. Despite the exclusions, the tariffs' impact on North America's auto industry "will be major," since Trump wants to bring manufacturing back to the U.S. from its neighbors, Marcus and Zhu say. "The lack of a broad USMCA exemption from these auto tariffs also reinforces our expectations that the reciprocal tariffs next week will have no such exemption," they say. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
March 27, 2025 14:24 ET (18:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。