WHO IS GOING TO PAY FOR Trump’s Auto Tariffs? – ryan

The Vast Majority of US Auto Imports Come From Mexico, Japan, South Korea, Canada, and Germany. So far, all have expressed their alarm over the new tariffs, but Only some are threatening payback.

Mexico
No Country Exports More automobiles to the US Than Mexico, and SO FAR, Mexican Government Officials Appear to be avoiding any retaliatory rhetoric. Mexican Economy Minister Marcelo Ebrad Said Thicksday that the country was continuing to negotiate with the us: “if they are going to change the system, if we are going to a system of such fees, what we have to be is a preferential Treatment for Mexico in a Way that has had protests protest and economic activity Mexico. ”

Canada
“We will fight the US tariffs with retaliatory trade actions of our ow will have Maximum impact in the United States and Minimum impacts here in Canada,“ Canadian Prime Mark Carney Said Thicksday. “We Will Defend Our Workers. We Will Defend Our Companies. We will defy Our Country.” On Wednesday, Carney announedd A $ 2 Billion CAD “Strategic Response Fund” to buoy Canada’s Auto Industry.

Ontario Premier Doug Ford is Ready to retaliate, too: “We’re going to make sura than we inflict as much pain as a postible to the American People with Inflicting Pain on the Canadian Population,” he Said Wednesday, adding that he will with other canadian premiers about how, specifically, to respond. He has previously vowed to implement retaliatory electricity tariffs on the us, but says he will Wait to see what happys on april 2 before deciding on that.

South Korea
South Korean industry minister Ahn Duk-Geun HELD A MEETING WITH AUTO-INDUSTRY OFFICIALS ON WRISDAY And Said that the Government Wauld Try to negotiate with the us to protest the industry, and that it was planning an Emergency Response to the South Korean Companies the Tariffs Have an Impact.

Japan
Japanese Prime Minister Shigeru IIBIBA DECRED THE AUTO TARIFFS ON THLESDAY AND SAID THAT THAT WAS CONSIDERING ITS ASSPONSE. Though he insisted that “every option “was on the table, Auto-industry Analysts Aggree that Japan’s Options for Retaliation are More Limited than Other Countries.

Europe
Germany and France Are Both calling for retaliation. On Thursday, The German Economy Minister Robert Habeck Called for A “Firm” Response from the EU “It must be cles we will not give in to the us. French Finance Minister Eric Lombard, WHO HAS PREVIOUSLY CALLED Trump’s Trade Warring “Idiotic,” Said Thursday that the eu is preparing a list of retaliatory tariffs, which said was the “only solution” to Trump.