The declaration by President-elect Trump that he intends to place a 10% tariff on all imports from China and a 25% tariff on all imports from Canada and Mexico is another sign that firms, investors and policymakers should prepare for more supply chain stress. In particular, automakers and their ... READ MORE >
automakers
Potential impact of UAW strike would not be sufficient to cause recession
The threat of a strike among the 146,000 United Auto Workers at the so-called Big Three automakers of Ford, General Motors and Stellantis puts at risk half a billion dollars per day in an economy that generates more than $26.7 trillion in goods and services each year, or more than $73 billion per ... READ MORE >
CHART OF THE DAY: Darkness before the dawn in global auto manufacturing
Global auto production has declined 32% on a year-ago basis largely because of the combined impact of the global trade war and pandemic. But as dour as that reality is, there are signs that the disruptions to global supply chains will ease as the global economy emerges from a deep slump and the ... READ MORE >