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U.S. auto parts tariffs could trigger Windsor recession — top economist

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Development Bank of Canada chief economist Pierre Cleroux spoke to Windsor-Essex Regional Chamber of Commerce ’s second annual economic forecast luncheon Monday at the Ciociaro Club .

Trump is expected to reveal a U.S. auto parts policy by May 3 that could see new tariffs imposed on non-American automotive parts.

The impact (of tariffs) is bigger in Windsor , but the tariff is only on cars so far and not parts.

Larson said he is hopeful the great cost uncertainty generated last week in the stock and bond markets will mark the beginning of an exit from Trump ’s tariff fixation.

“The concern we have goes beyond the impact of economics (to) the social and cultural fabric that has been part of this region for so long,” Larson said. “This region matters how we move the global and knowledge economy forward," he said.

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English

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short-lived

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