Trump Promises More Tariffs While Repeating His Controversial False Claim About Chinese Automakers Building Major Factories In Mexico

Contributing sentiments towards policy:

49% : Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.Get the latest stock analysis from Benzinga?This article Trump Promises More Tariffs While Repeating His Controversial False Claim About Chinese Automakers Building Major Factories In Mexico originally appeared on Benzinga.com
45% : However, foreign automakers already operate multiple plants in the U.S., mostly in southern states, meaning many are already playing by the rules Trump wants to enforce.
35% : According to the Bureau of Labor Statistics, when Trump left office in January 2021, auto jobs had dipped 0.8%, landing just above 949,000, as cited by The Associated Press.
29% : Trump also threw around some familiar rhetoric, pledging to force automakers to build factories in the U.S. by imposing steep tariffs on foreign-made cars.
19% : Trump promised to slap a 200% tariff on cars made in these nonexistent plants if they ended up in the U.S.Don't Miss:"If I don't win, you will have no auto industry within two to three years," Trump warned a crowd in Flint.
19% : According to Trump, the shift to electric vehicles would move jobs directly to China, leaving the U.S. auto industry in the dust.

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