Trump's proposed tariffs could harm auto industry and raise prices for consumers

An auto industry leader warns that President-elect Donald Trump's proposed tariffs on Canadian goods could severely impact the sector. Flavio Volpe states that such tariffs would raise prices for both Canadian and U.S. consumers. Volpe argues that applying tariffs to vehicle parts is unreasonable, as these parts often cross the border multiple times before assembly. He claims that high tariffs could halt production by American companies due to slim profit margins. Trump's recent social media post indicated a 25 percent tariff on all products from Canada and Mexico, contingent on border security improvements. This proposal has drawn criticism from Canadian business and political leaders.