The New York Times article, “Trump Will Impose 25% Tariffs on Canada and Mexico,” examines the economic impact of President Trump’s proposed tariffs. It details how these sweeping changes will affect various industries, with assistant professor John Helveston explaining how the tariffs could drive up consumer prices in the auto industry.
Here is an excerpt from the article: “Auto companies have said they cannot quickly relocate production to the United States and will have to pass the tariffs on to customers, adding thousands of dollars to car prices. “You don’t have to be an expert in autos to see how detrimental this would be,” said John Helveston, an assistant professor at George Washington University who teaches engineering management.”
Read the full article in The New York Times.