On November 25, 2024, President-elect Trump announced that he would impose an additional 10% tariff on China, and 25% tariffs on Mexico and Canada, garnering considerable attention both for their potential to reshape the U.S....more
12/13/2024
/ Canada ,
China ,
Customs and Border Protection ,
Importers ,
Imports ,
Mexico ,
Popular ,
Retaliatory Tariffs ,
Section 301 ,
Supply Chain ,
Tariff Act of 1930 ,
Tariffs ,
Trade Relations ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies ,
USTR ,
WTO
It is quite common in the automotive manufacturing industry for supply contracts to use framework agreements or blanket purchase orders extending over a certain period of time or for the lifetime of the product line. The...more