Auto Industry Leader Warns of Devastating Effects of Trump's Proposed Tar-to-Canada Tax

An auto industry leader says 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 prices.

Trump's social media post had said such a tariff would remain in place until Canada and Mexico stop drugs and people from illegally crossing the borders.The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop.

An infant who police say was killed by their mother in midtown Toronto last week has been identified by police.Police officer injured after being shot by fellow cop, B.C. RCMP say A California man was arrested at Los Angeles International Airport after he allegedly tried to check two suitcases containing more than 70 pounds of clothing caked in methamphetamine – including a cow pajama onesie – on a flight to Australia, federal prosecutors said Tuesday.

Mounties with the BC Highway Patrol in Kelowna say they've impounded more than 545 vehicles for excessive speed and aggressive driving so far this year. That works out to more than 1.6 per day.Crews rescued a dad and son Tuesday night after their small boat capsized in the ocean off of Crescent Beach in Surrey.An infant who police say was killed by their mother in midtown Toronto last week has been identified by police.

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German auto supplier Bosch to cut 5,500 jobs in further sign of auto industry woesFRANKFURT, Germany (AP) — Germany's technology and services company Bosch said Friday it planned to reduce its automotive division workforce by as many as 5,500 jobs in the next several years in another sign of the headwinds hitting the German and gl
Fuente: SooToday - 🏆 8. / 85 Leer más »

Trump’s re-election creates an ‘uncertain road’ for Canadian industryDonald Trump's return to the White House in 2025 has automotive, steel and aluminum industry groups in Canada worried about a possible trade war. But some also see opportunity.
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Proposed Trump tariff poses big risk to Canadian industry, consumersMr. Trump’s proposed 25-per-cent tariff on Canadian imports was larger than analysts expected, but experts are split on whether he will follow through on the threat
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Canadian Industry Leaders Show Patience in Face of Trump's Trade ThreatsCanadian industry leaders, from auto to farming, exhibit patience regarding Trump's trade threats, emphasizing the mutually beneficial nature of the Canada-U.S. trade relationship, valued at over a trillion dollars. Doubts surround the actual implementation of a proposed 25 percent tariff increase on imported goods.
Fuente: CBC - 🏆 32. / 63 Leer más »

Trump's tariffs would devastate auto sector, raise consumer costs: industry leaderAn auto industry leader says 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 prices.
Fuente: SooToday - 🏆 8. / 85 Leer más »