Breaking out! Suddenly, a 50% tariff was imposed! 13 governors rushed to the White House...

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Last week, when asked about the latest threat from the White House, Trudeau said Canada will retaliate against the United States, regardless of whether Trump's tariffs on steel and other products are as high as 50%, the trade war with Canada will cost the United States Lots of job opportunities.

On Wednesday (12th), governors from all 13 Canadian provinces and regions suddenly formed a group to the United States to lobby for U.S. lawmakers, business groups and labor leaders to express their opposition to US President Trump's implementation of a new round of tariff policies.

CBC reported that several governors said before heading to the White House that they wanted to know the final outcome of the Trump administration's tariffs.

In addition, on February 14, US President Trump said he planned to impose new tariffs on imported cars "April 2".

At the White House Oval Office's executive order signing meeting, Trump once again mentioned the implementation time of the auto tariffs, saying "may be around April 2." This is the latest in a series of trade actions he has launched since taking office for the second time on January 20.

Trump has not yet disclosed the specific details of the tariff plan, but he has long believed that U.S. exported cars are treated unfairly in foreign markets. For example, the EU imposes a 10% tariff on cars imported from the United States, while the U.S. imposes only a 2.5% tariff on cars imported from Europe.

Trump has not yet disclosed the specific details of the tariff plan, but he has long believed that U.S. exported cars are treated unfairly in foreign markets. For example, the EU imposes a 10% tariff on cars imported from the United States, while the U.S. imposes only a 2.5% tariff on cars imported from Europe.

After Trump released the relevant signals, Ford Motor Company CEO Jim Farley said on social media that he appreciated President Trump's idea of ​​scrutinizing all car imports and believed that this was an important step forward. However, he has also previously stated that the tariffs proposed and implemented by Trump have increased "a lot of costs and chaos."

According to data from Ward"s Intelligence, a new car sold in the United States last year,Nearly a quarter are classified as imported vehicles (excluding cars made in the United States, Canada or Mexico).

The US-Canada-Mexico Agreement (USMCA), which Trump revised during his first term, sets detailed rules of origin for automotive parts produced in these three countries.

"We haven't seen any details yet. Ford, GM and Stellantis still believe that vehicles and auto parts that meet USMCA requirements should not be Extra tariffs are imposed.”

In fact, on February 10 local time, Trump already hinted that tariffs would be imposed on cars, which led to a sharp drop in the Hong Kong stock market's automobile sector.

Huatai Securities believes that the tariffs are subject to greater impact on the export of cars in Mexico and Canada. Under the US-Canada-Mexico Agreement, Mexico is a key automobile production and export region. In 2024, Mexico exports about 2.21 million passenger cars to the United States. The US-Canada-Mexico Agreement (USMCA) came into effect on July 1, 2020. The agreement stipulates that cars can be imported duty-free in the US-Mexico Canada region after certain conditions are met.

Thanks to lower labor and land costs, Mexico has become the first choice for localized factories in various OEMs since the 20th century.It has now become an important automobile producer in North America.

According to marklines, as of 2024, 35 vehicle factories have been built or under construction in Mexico, including 9 Japanese, German and American brands, with an annual production capacity of nearly 5 million vehicles (excluding Tesla under construction). pull the super factory).

Mexico's production and exports were 3.99 million/2.76 million passenger cars in 2024, respectively, accounting for 69%. About 80% of these were exported to the United States, corresponding to 2.21 million vehicles exported to the United States in 2024, an increase of 3% year-on-year.

In addition, Mexico and Canada are important importers of automobile parts in the United States, especially Mexico, which accounts for more than 40% of the United States' zero-auto imports. From January to November 2024, the total amount of automobile parts imported by the United States was US.4 billion, with 42.3% and 13.7% from Mexico and Canada respectively.