Trump’s tariffs would devastate auto sector, raise consumer costs: industry leaders

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Trump’s tariffs would devastate auto sector, raise consumer costs: industry leaders
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Auto industry leaders say U.S. president-elect Donald Trump’s threat of tariffs on Canadian goods would have devastating effects for the sector, forcing both Canadian and U.S. consumers to pay higher vehicle prices.

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President of the Automotive Parts Manufacturers’ Association Flavio Volpe speaks to the media at the federal cabinet retreat in Montreal on January 23, 2024. THE CANADIAN PRESS/Christinne Muschi

Trump sparked backlash among Canadian business and political leaders after posting to Truth Social on Monday that he will sign an executive order imposing a 25 per cent tariff on all products coming to the United States from Canada and Mexico. “A 25 per cent tariff on all imports from Canada — the largest trading partner of the United States — will negatively impact jobs and livelihoods on both sides of the border across a number of key sectors of our economies. This would also be the case for the automotive industry," said Adams in a statement.

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