Starting on March 4, President Trump’s significant tariffs will take effect. These tariffs include a 20% levy on Chinese imports, a substantial 25% tariff on products from its North American neighbours, Mexico and Canada, and an additional 10% tariff on Canadian oil and energy imports. This radical shift will have far-reaching implications for the U.S. automotive industry, potentially leading to increased costs for manufacturers and consumers and potentially reshaping global trade dynamics in the automotive sector. The auto industry is one of the most heavily affected by international trade policies in the US, with substantial volumes of finished vehicles and auto parts coming from Mexico and Canada.
Tag: Supply Chain
UN-finished? Peace, Promises and Growing Disappointments
The result? A crescendo of global disappointment and a serious need for rethinking of the UN’s relevance in a world that has moved beyond its post-1945 landscape. Also, a legitimate question to ask is that as a common individual living in a fairly small country, why should one trust and rely on the UN to protect them in times of humanitarian crises and hold the perpetrators accountable, given the litany list of failures before us? A more casual way of asking the same question would be, ‘is the UN still relevant?’