The Trump Administration could impose an automotive tariff on Canada

By Sophie Chapman
Share
The President of the United States, Donald Trump, has threatened to impose a tax on imported vehicles. The automotive tariffs would leave huge repercus...

The President of the United States, Donald Trump, has threatened to impose a tax on imported vehicles.

The automotive tariffs would leave huge repercussions for Canada’s car industry as one of the largest importers to the country, Bloomberg reported.

The proposed tariffs are seemingly becoming more likely as Trump has called Canada’s Prime Minister, Justin Trudeau, ‘Very dishonest & weak’ whilst accusing him of ‘bad faith diplomacy’.

“I have instructed our U.S. Reps not to endorse the Communique as we look at Tariffs on automobiles flooding the U.S. Market!” the President tweeted.

SEE ALSO:

The US Commerce Department is currently reviewing vehicle imports in regards to national security, under Trump’s instructions.

If the tariffs are implemented, they will be applicable to all countries, including the US’ largest imports – Mexico and Canada.

“I think we are all sitting with bated breath hoping that cooler heads prevail, but most of us believe there’s an equal chance that they won’t,” commented Dennis DesRosiers, President of DesRosiers Automotive Consultants, Bloomberg noted.

Vehicles and vehicle parts accounted for 16% of Canada’s CAD$7.4bn (US$5.7bn) of shipments in the first fourth months of 2018.

The industry is the nation’s second largest exporter, following energy.

Share

Featured Articles

UPDATED VENUE & DATE – Manufacturing LIVE Chicago 2025

Manufacturing LIVE Chicago announces important changes to its venue and date for the co-located event with PSC LIVE and Sustainability LIVE in 2025

The Breakdown of the Global Plastics Treaty isn't the end

The failure of the INC-5 talks has caused anger across the manufacturing sector, but the breakdown of this treaty will not stop efforts to address plastic

Stellantis Plant Shutdown Confirms EV Manufacturing Concerns

Stellantis is shutting down its Luton EV plant due to low demand, vindicating some manufacturers concerns that EV governmental targets are too ambitious

The Highlights of the Rockwell Automation Fair 2024

Digital Factory

TFL Drives Future of Electrification With Buses on Route 358

Sustainability & ESG

Nissan: Striving To Safeguard EV Manufacturing Interests

Sustainability & ESG