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Mexico-U.S. accords include Mexican auto export cap: sources

The agreements struck between the United States and Mexico on trade would allow President Donald Trump to impose punitive “national security” tariffs of up to 25 percent on imports of Mexican-made cars, sport utility vehicles and auto parts above certain volumes, auto executives and other sources said.

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Micron Technology plans $3 billion expansion of Virginia plant

Chief Executive Sanjay Mehrotra told Reuters in an interview the expansion aims to meet increasing demand for chips in automobiles, which are gaining more computer power for features such as collision avoidance systems or lane departure warning systems. The money will be spent to build about 100,000 square feet of additional “clean room” space for making memory chips at Micron’s existing Manassas, Virginia factory, which employs about 1,500 people. Boise, Idaho-based Micron, the world’s fourth largest semiconductor firm by revenue according to research firm Gartner, differs from much of the chip industry in that it still makes its …read more […]