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

Sverige Nyheter Nyheter

Trump’s tariffs would devastate auto sector, raise consumer costs: industry leaders
Sverige Senaste nytt,Sverige Rubriker

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.

  • 📰 CP24
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 67%

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

CP24 /  🏆 30. in SE
 

Sverige Senaste nytt, Sverige Rubriker



Render Time: 2025-01-14 02:02:36