Trump's proposed tariffs on Canadian goods could raise auto prices and disrupt production, industry leader warns

Flavio Volpe, president of the Automotive Parts Manufacturers Association, warns that U.S. president-elect Donald Trump's proposed 25% tariffs on Canadian goods would severely impact the auto industry. He states that such tariffs would raise prices for consumers in both countries. Volpe highlights that vehicle parts often cross the U.S.-Canada border multiple times during production. He argues that high tariffs could halt American car manufacturing due to the industry's low profit margins. Trump's announcement on social media has drawn criticism from Canadian business and political leaders. He stated that the tariffs would remain until Canada and Mexico address illegal border crossings.