I just watched part of Donald Trump’s speech in Phoenix. He said that if an automobile plant were built in northern Mexico, he would impose 35% tariffs on all cars and car parts coming into the U.S. from Mexico.  This would very substantially increase the price of American cars.  The ignorami in the audience cheered wildly for the prospect of paying $5,000 or so more for their next new car should their man Trump become president.

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