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* Trump's tariffs could raise SUV and pickup truck prices for U.S. consumers * Tariffs seen by some analysts as negotiating tactic linked to immigration and drug issues * Mexican President Sheinbaum warns tariffs could worsen inflation, kill jobs By Cassandra Garrison, David Shepardson, Ben Klayman MEXICO CITY/DETROIT, - U.S. President-elect Donald Trump's plan to slap a 25% tax on all imports from Mexico and Canada could strike the bottom lines of U.S. automakers, especially General Motors, and raise prices of SUVs and pickup trucks for U.S. consumers. GM leads the automakers that export cars from Mexico to North America. The top 10 car manufacturers with Mexican plants collectively built 1.4 million vehicles over the first six months of this year, with 90% heading across the border to U.S. buyers, according to the Mexican auto trade association. Other Detroit manufacturers will likely also feel the pain: Ford and Stellantis are the top U.S. producers in Mexico after GM, whose shares fell on Tuesday, the day after Trump's tariff announcement. GM is expected to import more than 750,000 vehicles from Canada or Mexico this year, with most manufactured south of the border, according to business analytics firm GlobalData. They include some of GM’s most popular vehicles, including nearly 370,000 Chevy Silverado or GMC Sierra full-sized pickups and nearly 390,000 midsized SUVs. GM's Mexican plants also build two of its critical new electric vehicles, battery-powered versions of its Equinox and Blazer SUVs. Those GM models and others are already in the crosshairs of another expected Trump policy: ending a $7,500 EV subsidy, a move first reported by Reuters. GM, Stellantis and Ford declined to comment on Trump's proposed tariffs. Kenneth Smith Ramos, Mexico's former chief negotiator for the USMCA trade pact, said the move could hurt the United States as much as its North American trading partners. "The U.S. would be shooting itself in the foot," he said. The impact on Mexico's auto industry would also be "very negative." GM employs 125,000 people in North America; a decline in sales of its Mexico-made cars could hurt its profit for the entire region, potentially putting pressure on payrolls on both sides of the border. The tariff hikes would also serve as a reminder of the supply chains, which closely bind the three members of the United States-Mexico-Canada Agreement. Mexico and Canada account for more than 50% of all auto parts exported to the United States - sending nearly $100 billion in parts. Imposing the tariffs would increase the costs of all vehicles assembled in the United States. TARIFFS, DRUGS AND IMMIGRATION The vast impact of Trump’s threatened tariffs on Mexico and Canada raises questions about what the incoming administration is trying to accomplish economically and the potential collateral damage to U.S. companies and consumers. Trump billed the action as a punishment for the unrelated problems of immigration and the trafficking of the drug fentanyl, posting on social media that the tariffs would remain in place until Mexico and Canada halt what he called an “invasion” of “Illegal Aliens." The reference to drugs and migration have led some analysts to predict the tariffs are more of a negotiating tactic than a genuine policy proposal. "Given the post makes an explicit reference to the flow of people and drugs across the southern and northern borders, it suggests this specific tariff threat is more of a negotiating tool than a revenue raiser," said Thomas Ryan, North America economist at Capital Economics. "It leaves the door open to Canada and Mexico coming up with a credible plan over the next two months to try and avoid those tariffs," he added. Mexican President Claudia Sheinbaum called for a dialogue with Trump and warned the proposed tariff's lacked "sense" and would worsen inflation and kill jobs in both countries. She also raised the specter of retaliation, although given its vast flow of exports to the U.S., Mexico's economy remains more vulnerable to tariff threats. Trump’s import taxes could also theoretically stop Chinese automakers from using Mexico as a way around steep U.S. tariffs on Chinese EVs, but those imports are already effectively blocked by other U.S. trade barriers. Shares of GM were down 8.2% late on Tuesday afternoon, while Stellantis fell 5.5% and Ford shares were down 2.6%. HIT TO CONSUMERS Free trade with the U.S., first in the form of NAFTA and then as USMCA, transformed Mexico's nascent automotive industry into the country's most important manufacturing sector and the poster child of its export prowess. But 30 years after NAFTA's establishment, Trump has put that all on the line. In the hyper-competitive world of car and truck production, a 25% tariff could kneecap a Mexican industry that has spent years tightly integrating itself with the U.S., the destination of nearly 80% of all Mexican-made vehicles. Higher tariffs would also hit U.S. consumers. While the company that imports goods into the U.S. directly pays the tariff, that cost is inevitably passed on to the consumer via higher prices. "That's how tariffs work. Even though the administration might want to spin it that Mexico is paying ... ultimately the consumer will bear this," said Sudeep Suman, a managing partner with consultancy AlixPartners. That could hit many pickup trucks popular in rural parts of the U.S. that overwhelmingly voted for Trump. Notably, the Toyota Tacoma, Ford Maverick, Stellantis' Ram, and GM's Chevrolet Silverado and GMC Sierra are all made in Mexico. GM might be able to absorb some costs from its highly profitable pickup trucks but other manufacturers selling lower-cost vehicles like the Nissan Sentra could find it difficult to continue building profitable models, said Sam Fiorani, industry analyst at AutoForecast Solutions. “Somebody is going to have to eat that cost and that is going to the manufacturer or customer,” Fiorani said. “All vehicles sold in the United States would be more expensive or considerably less profitable.” Tariffs could also hit the cost of vehicle production in the U.S. because so many parts now come from Mexico. The Latin American nation represents 43% of all U.S. auto-part imports, larger than any other country. Francisco Gonzales, head of Mexico's National Industry of Autoparts, said regional cooperation across North America brings down costs for customers. Automakers "cannot be producing everything in a single country," he said, "because it makes it uncompetitive." This article was generated from an automated news agency feed without modifications to text.
Cincinnati Bengals quarterback Joe Burrow addressed the break-in that occurred at his home while the team was in Dallas. The Bengals are coming off a win against the Cowboys during Monday Night Football. While Burrow was away for the Monday night game, however, his house was broken into. It was reported around 9:14 p.m. Monday, while Burrow was playing in MNF, according to an incident report. The Hamilton County Sheriff's Office confirmed the break-in, but did not share more details. “I feel like my privacy has been violated in more ways than one.” Joe Burrow opens his press conference with a statement on the break-in at his home this week. #Bengals | @WLWT pic.twitter.com/LB470oopJc "Obviously, everybody has heard what has happened, I feel like my privacy has been violated in more ways than one, and way more is already out there than I would want out there and that I care to share," Burrow said. It's the latest burglary involving the homes of professional athletes across multiple sports. The NFL issued a security alert recently to teams and the players’ union last month following recent burglaries involving the homes of Chiefs stars Patrick Mahomes and Travis Kelce. At this moment, the Hamilton County Sheriff's Department can't say if detectives think this could be connected to any of the other NFL break-ins. Speaking on Wednesday, Burrow said he felt his privacy has been violated in the aftermath of the break-in. "We live a public life and one of my least favorite parts of that is the lack of privacy, and that has been difficult for me to deal with in my entire career, still learning," Burrow said. According to the Ohio Bureau of Criminal Investigations, the burglary at Burrow's house is being investigated by the Southwest Ohio Burglary Task Force. BCI said the task force is operated under the attorney general’s Ohio Organized Crime Investigations Commission and was formed to investigate a string of burglaries targeting neighborhoods in Hamilton County. The task force is led by the Ohio Bureau of Criminal Investigation and the Indian Hills PD and includes more than a dozen different agencies.
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Kansas City Chiefs quarterback Patrick Mahomes and his wife Brittany are expecting the arrival of their new addition soon -- as in, very soon. The couple has two children: daughter Sterling and son Bronze. A baby girl will be arriving soon, and the three-time Super Bowl champion said he wants to be in attendance. "Any day now," Mahomes, 29, told Netflix studio host Kay Adams of Brittany's due date. "Brittany says I've been stressing her out too much this season, so I gotta try to not put that much stress on her through these football games and get that bye. And hopefully God works the right way and we can have that baby maybe on the bye week somewhere and then everything will work out perfectly." "(She's the) MVP because she'll go in there and crush it and what, three babies? I can take a break for a long time and just focus on playing football and raising those babies." On Wednesday, Mahomes and the Chiefs (14-1) were visiting the Pittsburgh Steelers (10-5) in what will be the third game in 11 days for both teams. If Kansas City wins, it clinches the No. 1 seed and home-field advantage throughout the AFC playoffs -- and Mahomes may have a break in his schedule as a result. The Chiefs conclude the regular season against the host the Denver Broncos in Week 18. --Field Level Media
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BEIJING (AP) — A court in China has sentenced a man to death for killing 35 people last month by driving into a crowd, in an attack that raised national concern about mass killings. Fan Weiqiu was venting his anger because he was unhappy with his divorce settlement, the court in the southern city of Zhuhai said in handing down the sentence on Friday. The victims were exercising at a sports center. Fan pleaded guilty to endangering public safety by dangerous means, a court statement said. Fan's “criminal motive was extremely despicable, the nature of the crime was extremely vile, the means of the crime were particularly cruel, and the consequences of the crime were particularly severe, resulting in great social harm,” the court said. The attack was one of several in China in late October and November and spurred Chinese leader Xi Jinping to order local governments to take steps to prevent future “extreme cases.” His order prompted vows from local leaders to examine personal disputes that could trigger aggression, from marital troubles to disagreements over inheritance. Fan's sentence was the second one handed down in quick succession just weeks after the recent attacks, much faster than court cases normally take in China. A court earlier this week gave a suspended death sentence with a two-year reprieve to a driver who injured 30 people when he drove into elementary school students and parents in Hunan province. Such sentences are usually commuted to life in prison. The court in the city of Changde said the driver was taking out his frustrations after losing money he had invested. Such attacks on crowds, with a vehicle or a knife, are not new in China, but the spate this fall and the high number of victims in the Zhuhai attack renewed the focus on the issue. The attackers are often taking out their anger and frustration over a personal matter in what are known as “revenge on society” crimes. Chinese authorities keep a tight lid on any reports about the attacks, censoring videos and eyewitness accounts posted on social media and releasing only basic information, often many hours afterward. The death toll in Zhuhai wasn't announced until 24 hours after the attack. In addition to the 35 people killed, another 43 were injured, police said. The driver, Fan, who was 62 years old, was found in his vehicle trying to stab himself with a knife, a police statement said. Police set up barricades the day after the attack and barred people from entering the sports complex. Members of the public left bouquets of flowers by an adjacent square instead.Australian radio star Ray Hadley became choked up and wiped away tears after he heard his mother’s voice on radio during an emotional tribute to his career on his last day on air. A tribute to Hadley’s illustrious career was played on 2GB on Friday to celebrate his last day on air after he announced his retirement back in November. However, Hadley became emotional when a snippet of his mother’s voice was played during the segment. “Very emotional. I had heard my mother’s voice previously,” Hadley told listeners, choked up. “I wasn’t gonna get upset. You’ve done this to me you little bludger.” Fordham said Hadley had taught “everyone in this job to wear your heart on your sleeve”. “I’ll just say this, having learned a bit about your family over the years — while you’ve lived a very different life to your parents, everyone was a hard worker, and that’s something that has flowed on now to your children as well,” Fordham said. “I worked hard for great reward, mum and dad worked hard for no reward,” Hadley replied. “And my children, and fortunately, my children’s husbands ... and wife (are) of the same ilk, they come from stock that always wants to work and wants to be part of it.” Hadley also let out a few laughs during the tribute. “There were some funny things in that, too that made me laugh,” he said. “And the thing that got me most was mum.” Fordham earlier asked if he could play Hadley the tribute, with the radio star cheekily replying “Well, you’re going to anyway”. “This is a thing you do all the time,” Hadley quipped. “’Can you do this?’ ... Why do you ask me?” “I like to have your permission,” Fordham replied. “No, I say no, don’t play it, you’re going to play it anyway, so go,” Hadley laughed. The tribute spanned Hadley’s entire career, from top sporting moments, interviews with Keith Urban, to his children speaking with him on air. “Ray Hadley, this is your life,” Fordham said before it played. Loyal listeners called into 2GB on Friday morning to farewell Hadley. The radio icon was also given one of his own first radio awards during his last segment. “I found it in your office,” Fordham said. “So you pinched it, now you give it back ... Correct?” Hadley replied. “It’s the thought that counts,” Fordham joked. More to come ... Originally published as Ray Hadley’s emotional moment during last day on airA last-minute appeal by a San Jose State University women’s volleyball player to get her transgender teammate banned from a regional championship series starting Wednesday has been denied. A two-judge panel in Colorado federal appeals court on Tuesday morning rejected the emergency appeal by San Jose co-captain Brooke Slusser and others to prevent a transgender woman from playing for the Spartans in the Mountain West Conference tournament starting tomorrow. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get the latest news, sports, weather and more delivered right to your inbox.
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