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BMO on Canada, U.S. Auto Sales Before Start of Trade War
What is the impact of the North American tariff war? The price increase of electric Autos in the USA may be as high as $12,000.
① Trump announced that starting Tuesday, a 25% tariff will be imposed on Commodities from Mexico and Canada, causing widespread concern in the market; ② A survey shows that the US Autos Industry will be impacted, with new electric vehicle prices potentially increasing by up to $12,000, leading to a decline in sales; ③ The US automobile manufacturing industry is worried, as the tariffs will disrupt the integration of the North American automotive supply chain and cause unprecedented damage.
Down -28.09% in 4 Weeks, Here's Why Hyliion (HYLN) Looks Ripe for a Turnaround
