DETROIT (AP) — President Donald Trump is overstating the benefits of his threatened tariffs on automobiles and parts imported from Mexico while glossing over the likely harm to American consumers of substantially higher prices for new cars.
In tweets Tuesday, Trump exaggerated how much of the auto industry had moved to Mexico and inaccurately asserted that if he imposed a tax of 25% on all Mexican goods, all the automaker jobs would immediately return to the U.S. That's not the case. It actually would take years for auto assembly plants to move back to the U.S., if they did so at all, as compa...
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