Key takeaways on Trump 2.0 impact on autos discussed, tariffs on top trading partners likely

From Investing.com: 2024-12-07 05:30:00

Deutsche Bank analysts shared key takeaways from an expert call with the US Chamber of Commerce Chief Economist, discussing Trump 2.0’s impact on the auto industry. Changes to EV tax credits unlikely before 2025, requiring congressional approval. DOGE constraints limit immediate policy changes. Tariffs against China and Mexico more likely than blanket tariff.

President-elect Trump plans to impose significant tariffs on top three trading partners – Canada, Mexico, and China. Proposed 25% tariff on Canada and Mexico linked to border control efforts. Unclear implications of additional 10% tariff on China. Previous promises include revoking China’s trade status and imposing over 60% tariffs.



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