Border Wall to Add Thousands to Auto Costs

Here is today’s market report from Wholesale Direct Metals. Proposals for a border tax to pay for a wall with Mexico and encourage increased manufacturing in the U.S. would add hundreds to thousands of dollars to the cost of every car and truck sold here, including those assembled in American factories. There‚Äôs even a risk the tax could raise prices and reduce sales so much that the U.S. loses manufacturing jobs, according to the Motor Equipment Manufacturers Association, the umbrella group for several supplier associations representing 1,000 companies. This data follows a recent Wholesale Direct Metals complaint about the reporting on the financial markets.