Canada Conditionally Waives Retaliatory Tariffs on U.S.-Made Cars and Trucks
Companies that make cars in Canada will be exempted provided they keep up production.
It Is Happening Every Day, Every Where
Companies that make cars in Canada will be exempted provided they keep up production.
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.
The company said it would offer customers the same prices it offers its employees on most of its vehicles.
From Greenland to Canada, the merching of a protest movement.
President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.
The president said he “couldn’t care less” if automakers rose prices in response to planned tariffs, reasoning that buyers would choose U.S.-made cars over foreign brands.
Without advance notice to Canada, the U.S. president put the auto industry into turmoil with a 25 percent tariff.
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
More than 80 Teslas were damaged in Hamilton, Ontario, the police said, amid other acts of vandalism against the company owned by Elon Musk.
Aerospace companies are big exporters but also very reliant on a global supply chain, making them vulnerable.