The US government's recent decision to impose 25 percent tariffs on imported steel and aluminum has reignited fears reminiscent of the previous administration's trade war, which severely affected US steel imports. Executives, particularly from the automotive sector, warn that proposed tariffs on Mexican and Canadian imports could significantly damage the US industry. Industry leaders emphasize the need for clarity and stability in policy to avoid chaotic shifts that undermine operational planning. Without a consistent framework, manufacturers face uncertainty that hampers their ability to strategize effectively.
Let's be real honest: long-term, 25 percent tariffs across the Mexican and Canadian border would blow a hole in the US industry that we have never seen.
They need to understand there's a lot of policy uncertainty here, but in the meantime, we're scrambling to manage the company as professionals.
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