Source: Rachel Aiello, September 27, 2018
OTTAWA – If U.S. President Donald Trump makes good on his often repeated threat of imposing a 25 per cent tariff on the Canadian automotive industry, trade insiders and stakeholders have a clear message: it will have a long lasting, negative impact on the cross-border relationship, and it’ll cost consumers.
This week, Trump renewed the threat, sparking concern for those that closely follow the trade file. Specifically, Trump threatened to slap taxes on Canada’s auto industry – a business sector he described as “the motherlode” – if NAFTA negotiators fail to reach a deal.
Image Source: Dave Chidley/The Canadian Press via AP, File
