Market Morning: Trade Deal Questions, Bernie Bashes BezosMarket Morning: Trade Deal Questions, Bernie Bashes Bezos, Moody’s Cuts Ford, Pizza Brawl –According to the Peterson Institute for International Economics, if you like paying more for cars, then the Trump trade deal with Mexico just signed is for you. Some details of the deal include an increase of minimum US/Mexico regional content in cars imported to the US to be 75%, up from 62%, in order to be exempted from tariffs. The higher minimum will bring up the cost of making the car, or if not, tariffs will make up for what would have been an increase in cost. On top of that, 40 to 45% of a car must be produced by workers earning at least $16 an hour, which needless increase labor costs above market value, increasing the cost of making the car even more. Read more:
https://marketexclusive.com/market-morning-trade-deal-questions-bernie-bashes-bezos-moodys-cuts-ford-pizza-brawl/2018/08/