Why the small companies at the heart of the auto sector could bear the brunt of Trump’s tariffs
Saylo Lam, president of CIrcle 5, an auto-parts manufacturer, stands next to a plastic injection mold on the shop floor of his company on Jan. 18.For Canadian auto parts manufacturers such as the one that Saylo Lam runs, and the dozens that he represents as chair of the Canadian Association of Mold Makers, the past few years have already been a wild ride.transition has put these suppliers – most of which, including Mr.
But there was only so much he could gloss over the consequences if demand from heavily U.S.-based clients suddenly dries up. “It would be devastating,” he acknowledged. It’s seemingly a similar story with the three landmark EV battery plants at varying stages of development in Ontario, all of which are investments meant to pay off over multiple decades.
Industry Minister signals shift in Canada’s EV strategy, as era of chasing big new battery plants comes to an end Nevertheless, in an interview at Linamar headquarters in Guelph, executive chair Linda Hasenfratz sounded bullish about how the company – which reported strong year-over-year earnings growth in its most recent quarterly report – has weathered the storm so far.
The U.S. tariff hit would be considerably more challenging for all concerned. But even then, Automotive Parts Manufacturers’ Association president Flavio Volpe said, the bigger players would have greater ability to absorb short-term hits.
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