This morning the initial consequence of Prez Trump's mean tweets is clear:
Shares of US automakers plunge because they have major production in Mexico
In fact, GM is the top carmaker in Mexico and Ford is moving all of its smaller car production and EV manufacturing to Mexico. And so, whilst flexing on a 3rd world country mostly controlled by the drug cartels is a power move that will impress supporters. Per ushe, the economic implications are already much more complicated than partisan hacks care to explain.
President Donald Trump's move to slap tariffs on goods imported from Mexico into the United States hammered the stocks of automakers Friday as investors counted the cost of price increases on one of the world's biggest car-production markets.