Canada go to the United States, and it's also a very large percentage of GDP. However, you've got to be very careful because if you look at the percentage of cars being produced by US manufacturers in Mexico, it's a very large percentage for General Motors. I think it's like 35% or 40% of the cars sold in America come from Mexico. So you're also damaging US companies to a certain extent. It's interesting, an investment in BMW. BMW is actually quite good in terms of its domestic production versus its Mexican and Canadian production versus the US manufacturers. So I would say BMW is in a better situation to not get hurt by these tariffs than the US companies that you're trying to protect. And the other thing it does is that, as I mentioned, higher tariffs also impact the currency. So the currencies tend to adjust a little bit, not by the same extent as the tariff, but to some extent, depending on the country. So if you put a 10% tariff on certain goods coming out of a country, it tends (43/57)
You are viewing a single comment's thread from: