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EXPLAINER: Canadian automotive industry resilient enough to survive Trump tariffs

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Summary
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67% Informative

AutoForecast Solutions vice president global vehicle forecasting Sam Fiorani said the Canadian automotive sector would be able to ride out the 25 per cent tariff U.S. President Donald Trump is threatening to impose.

Trump has also threatened Mexico with similar tariffs on Feb. 1 .

The three nations already have a complex trading agreement covering the industry as part of the USMCA deal.

Unifor Local 200 president John D’Agnolo feels the message of shared economic pain is the key pressure point in gaining any leverage with Trump .

The offending countries won’t be paying tariffs; that cost will be passed onto American consumers.

Most of the states that have benefitted from large auto investments of the past four years have Republican leadership.

VR Score

72

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71

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43

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formal

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English

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short-lived

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