, 5 tweets, 2 min read Read on Twitter
#FoxBusinessNews is discussing #TradeWar with #Mexico Trump is quite wily. Some car parts travel back & forth over the border FOUR times, same parts. The assembly apparently requires the parts exchange hands several times before the final assembly.
2/ A 5% tarriff for each trip over the border will bankrupt a Mexican company. DJT probably knows the cumulative tariff for Mexico will be 25% in the end. Each piece is now increased $2.50. Which is why their representatives ended their siestas & made tracks to reach the White
3/ House. The US auto industry has been alluding to “peak car.” It seems taking Uber, Lyft, & others is less costly than owning car. More used cars are being bought & the electric car is permanent. The auto industry is headed into the graveyard. Perhaps as soon as 2030.
4/ These companies will be looking for consolidation, not sending parts to foreign countries for “some assembly.” And Trump is pressing manufacturers to return the US. They probably can’t get out of Mexico fast enough.
5/ @threadreaderapp unroll please
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