What Does Trump's New Trade War Mean for Trucking?

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{"text":"On May 30, President Trump once again sent shockwaves rippling through the financial markets, as well as the automotive industry, when he announced a new round of tariffs aimed at Mexico. while experts say the initial impact on trucking will be minimal, the effects will Become more dire with each incoming month if the dispute is not resolved quickly.\n\n\nTruck manufacturers like Daimler Trucks operating manufacturing plants in Mexico that could potentially be affected by an escalation in tariffs between the two countries. This photo is of Daimler's Saltillo, Mexico plant from 2009 when it was opened. \n\n\nOn May 30, President Trump once again sent shockwaves rippling through the financial markets, as well as the automotive industry, when he announced a new round of tariffs aimed at Mexico. while experts say the initial impact on trucking will be minimal, the effects will Become more dire with each incoming month if the dispute is not resolved quickly.\n\n\nIn a tweet Friday morning, the president announced he would implement a 5% tariff on all goods coming in from Mexico, beginning on June 10. In a follow-up statement, the White House confirmed the tweet and added that unless Mexico worked to stem The tide of illegal immigrants crossing the US southern border, President Trump would increase the tariff to 10% on July 1; 15% on Aug. 1; 20% on Sept. 1; and 25% on Oct. 1. No specific conditions were Laid out for Mexico to meet in order to avoid the tariffs, with White House chief of staff Mick Mulvaney calling the situation fluid.\n\n\nRead more: https://www.truckinginfo.com/333086/what-does-trumps-new-trade-war-mean-for-trucking ","videos":"[]","link":"{}","pics":"[]","canComment":true}