The tax hike on auto imports starting in April means automakers could face higher costs and lower sales.
Canadian Prime Minister Mark Carney called US President Donald Trump라이브 바카라 auto tariffs a “direct attack” on his country and vowed to 'defend' the Canadian workers and companies. Carney also stated that the 'trade war' by Trump is going to hurt american consumers.
Trump said earlier Wednesday that he was placing 25% tariffs on auto imports and, to underscore his intention, he stated, “This is permanent.”
AP quoted Carney responding to Trump's announceemnt with, “This is a very direct attack. We will defend our workers. We will defend our companies. We will defend our country."
The auto tariffs are part of a broader reshaping of global relations by Trump, who plans to impose what he calls “reciprocal” taxes on April 2 that would match the tariffs, sales taxes charged by other nations.
The tax hike on auto imports starting in April means automakers could face higher costs and lower sales.
Canadian President Mark Carney stated that Trump's auto tariff "is a very direct attack,” and added, "We will defend our workers. We will defend our companies. We will defend our country."
Carney, according to AP said that he needs to see the details of Trump라이브 바카라 executive order before taking retaliatory measures. He called it unjustified and said he will leave the election campaign to go to Ottawa on Thursday to chair his special Cabinet committee on U.S. relations.
Carney had earlier announced a CA$2 billion ($1.4 billion) “strategic response fund” that will protect Canadian auto jobs affected by Trump라이브 바카라 tariffs.
Autos are Canada라이브 바카라 second-largest export. Carney noted the sector employs 125,000 Canadians directly and almost another 500,000 in related industries.
“Canada will be there for auto workers,” he said.
“His trade war is hurting American consumers and workers and it will hurt more. I see that American consumer confidence is at a multi-year low,” Carney said earlier while campaigning in Windsor, Ontario ahead of Canada라이브 바카라 April 28 election.
“He wants to break us so America can own us,” Carney said. “And it will never ever happen because we just don’t look out for ourselves, we look out for each other.”
Carney said the bridge carries $140 billion Canadian dollars ($98 billion) in goods every year and CA$400 million ($281 million) per day.
“Now those numbers and the jobs and the paychecks that depend on that are in question,” Carney said. “The relationship between Canada and the United States has changed. We did not change it.”
President Donald Trump said he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains.
“This will continue to spur growth,” Trump told reporters Wednesday. “We’ll effectively be charging a 25% tariff.”
The tariffs, which the White House expects to raise $100 billion in revenue annually, could be complicated as even U.S. automakers source their components from around the world. The tax hike starting in April means automakers could face higher costs and lower sales, though Trump argues that the tariffs will lead to more factories opening in the United States and the end of what he judges to be a “ridiculous” supply chain in which auto parts and finished vehicles are manufactured across the United States, Canada and Mexico.
To underscore his seriousness about the tariffs directive he signed, Trump said, “This is permanent.”
The U.S. president reiterated his willingness to challenge allies by saying Thursday on social media that if the European Union coordinated with Canada, tariffs “far larger than currently planned” would be placed on them in retaliation.
(With AP inputs)