Trade Tensions Rev into High Gear as Trump Imposes 25% Auto Tariff

President Donald Trump shocked observers by announcing a 25% tariff on all cars not made in the US, a stance that critics argue could strain supply chains and inflate consumer costs. Loaded statements such as, “The auto tariffs of 25% will be permanent for the rest of my term,” by President Trump have further inflamed the situation.

Ontario Premier Doug Ford chastised the new tariff, claiming it will only raise prices for “hard-working American families” and warning that “he’s putting American jobs at risk.”

He also expressed support for Canada’s potential retaliatory measures, noting that his government stands united with Prime Minister Mark Carney, who pointed out that auto parts cross the border an average of six times before final assembly.

“In a trade crisis, that’s a vulnerability,” Carney said, urging Canada to invest in building cars domestically through what he described as an “All-In-Canada auto manufacturing network.”

Twitter commentator Jody Dahrouge underscored the gap between Canada’s annual production of 1.3 million vehicles and the 1.8 million cars Canadian consumers purchase, noting that “Canada just may very well have enough purchasing power to support its own Auto Industry.”

The sense that global automakers, such as Toyota and Volkswagen, could capitalize on an expanded Canadian market has intensified. Yet the threat of high US tariffs adds a layer of uncertainty about how quickly companies might shift investment or reorganize supply chains.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Teck Resources Q1 Earnings: Defying Copper Industry Weakness

Equinox Ups Its Offer For Calibre: Investors Said No!

First Quantum Q1 Earnings: Copper Major Still Bleeding Cash

Recommended

Cardiol Sees First Patient Enrolled Under Phase III MAVERIC Clinical Trial

Rua Gold Hits 13.3 g/t Gold, 8.1% Antimony Over 1.25 Metres At Auld Creek

Related News

Chinese Foreign Ministry Says They’re ‘Ready to Fight,’ Calls Fentanyl Crisis a ‘Flimsy Excuse’ for US Trade Actions

China says they are "ready to fight" any war till the end....
Thursday, March 6, 2025, 10:47:00 AM

Trump Threatens EU With New Tariffs

Donald Trump is setting his sights on the other side of the Atlantic, suggesting on...

Tuesday, February 4, 2025, 04:27:00 PM

Trump Tariffs Hit Steel Sector Jobs on Both Sides of Border

Hundreds of steel and aluminum workers across North America have lost their jobs following recent...

Friday, March 28, 2025, 10:05:00 AM

Doug Ford Wants To Cut Power Exports To US, Believing US Wouldn’t Do The Same

Ontario Premier Doug Ford has vowed to sever electricity exports to the US, originally proposed...

Tuesday, March 4, 2025, 08:40:00 AM

Trade War Is Here! Ontario Retaliates To Trump’s Tariffs; “Stop Buying US Goods” – Ford

Ontario’s abrupt decision to strip U.S. liquor from store shelves, cancel a multi-million-dollar satellite deal,...

Wednesday, March 5, 2025, 11:30:00 AM