President Trump has threatened to impose tariffs on Mexico and Canada unless they address issues related to immigration and drug trafficking. Both countries have negotiated a one-month reprieve from the tariffs. The auto industry, heavily reliant on trade with these countries, would be significantly impacted by these tariffs due to the complex supply chain that spans North America. The Detroit 3 automakers could face up to $110 million per day in additional costs, with potential price increases for U.S. vehicles. Trade groups are calling for a swift resolution to provide stability for the entire industry.
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Why Donohoe is leading the race to fill his own job as Eurogroup head
This article discusses France's initiative for increased joint EU debt to enhance the euro's global standing, alongside the race to lead the Eurozone, with Irish incumbent Paschal Donohoe favored to retain his position. Additionally, new EU regulations effective today mandate longer-lasting smartphones with improved battery life and durability, marking a significant step towards sustainable product design. Need More Context? 🔎
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