Daily Drive

Auto tariffs unlikely on April 2; Cloud Theory’s Rick Wainschel

A tractor-trailer traveling into the United States at the Canada-US border in St-Bernard-de-Lacolle, Quebec, Canada, on Thursday, March 6, 2025. President Donald Trump exempted Canadian goods covered by the North American trade agreement known as USMCA from his 25% tariffs, offering major reprieves to the US’s two largest trading partners. Photographer: Graham Hughes/Bloomberg
With the signing of the North American Free Trade Agreement — now the United States-Canada-Mexico Agreement — came an era of economic integration between the largest economy in the world and its two closest neighbors: Mexico and Canada. (BLOOMBERG)
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March 24, 2025 06:24 PM

The Trump administration is reportedly unlikely to implement a tariff on automotive imports on April 2. Hyundai plans a $20 billion investment in the U.S. Plus, Rick Wainschel, vice president of data science and analytics at Cloud Theory, talks about how tariff concerns are leading to higher prices on dealership lots.

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