00:00It's Benzinga bringing Wall Street to Main Street.
00:03Overseas automakers warned Trump's administration they may stop selling some of their lowest-priced
00:08vehicles in the U.S. if the U.S.-Mexico-Canada agreement is weakened or not extended,
00:13according to the Wall Street Journal. The message was delivered to economic advisors.
00:18Nissan, Hyundai, and Toyota are among the most exposed as they still offer small budget models
00:23while Detroit automakers shifted toward trucks and SUVs. The administration imposed auto duties
00:29that apply a 25% charge to non-U.S. content. Industry groups said affordable models rely on
00:35cross-border supply chains for parts and assembly. The White House said automakers should reshore
00:40production. The report said average new car prices are around $50,000. Honda said it will keep selling
00:47the Civic but warned that costs will rise without stable trade. For all things money, visit Benzinga.com.
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