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What tariffs mean for the auto industry

C.C. Wei, chief executive officer of Taiwan Semiconductor Manufacturing Co. (TSMC), from left, US President Donald Trump, and Howard Lutnick, US commerce secretary, during an investment announcement in the Roosevelt Room of the White House in Washington, DC, US, on Monday, March 3, 2025. Taiwan Semiconductor Manufacturing Co., the world's top producer of AI chips, plans to invest an additional $100 billion in US plants that will boost its chip output on American soil and support President Donald Trump's goal of increasing domestic manufacturing. Photographer: Samuel Corum/Sipa/Bloomberg
The U.S. will implement 25 percent tariffs on imports from Canada and Mexico beginning March 4, President Donald Trump told reporters at the White House on March 3. (BLOOMBERG)
JI
By:
John Irwin
Last Updated
March 07, 2025 05:52 PM

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