Mexico tariffs could be devastating for autos, expert says

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'It's absolutely devastating... the potential anyway, if we see this escalate all the way up to the 25% in October.' One auto industry expert discusses the potential impact of the Trump Mexico tariffs on the industry.

President Trump announced Thursday that he is imposing new tariff on imports from Mexico to try to curb illegal immigration on the southern border.

Jeff Schuster, LMC Automotive president of America's operation and global vehicle forecasts, joins "Squawk Box" to discuss how auto imports might be affected by President Trump's tariff threat against Mexico.

 

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The auto industry should have dropped prices when they left USA for lower labor. Maybe now prices will be forced to be fair. 25% could be taken off cost and then break even.

can we put a tariff on realDonaldTrump tweets

Tough cookies! If you’re not making any cars or parts in Mexico you won’t be affected. Suck it up buttercup!

¡Avocados From Mexico!

Just build the wall get it over with and don't put any tariffs on Mexico

We will be fine...

BoycottCoke BoycottGeorgia

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