Mexico’s economy minister said his country would consider imposing retaliatory tariffs should Trump penalize Mexican imports.

“Trump’s victory has fractured the western order – leaving Brexit Britain badly exposed. To navigate the dangerous new era, Keir Starmer must end the culture of denial around the biggest strategic mistake of modern times” 👍
www.theguardian.com/commentisfre...

The supply base should be of primary concern. For every OEM worker, there are 5-7 in the supply base. If Chinese transplants their supply base, the calculus changes. These dynamics show a need for Canada and Mexico to take a more collaborative approach and hopefully drag the US along.

While a protectionist stance in the US, Canada, and the EU aim to shield these in national markets, they do not address competitiveness abroad, as Chinese manufacturers expand their footprint globally. What hasn’t happened yet is these companies begin to have their national suppliers follow along.

The global auto industry’s slow shift towards EVs poses unique challenges, but Western OEMs are also facing a steep loss of market share in Asia and Latin America to lower-cost Chinese internal combustion models. Legacy car manufacturers depend on a global marketplace and global supply base.