Avoid knee-jerk reactions to tax and tariff changes
Overseas and domestic automotive companies should think long and hard about buying or building plants to take advantage of recent tax cuts, tariff threats or the depressed euro.
Because we've been here before.
About three years ago, the euro slid to almost parity with the U.S. dollar, only to bounce back and hurt European exporters. As for tax rates, they have swung up and down over the years, as have trade tariffs, stinging those businesses that try to take economic advantage of these short-term moves.