Trump's tariffs would devastate auto sector, raise consumer costs: industry leader

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Trump's tariffs would devastate auto sector, raise consumer costs: industry leader
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An auto industry leader says U.S. president-elect Donald Trump's threat of tariffs on Canadian goods would have devastating effects for the sector, forcing both Canadian and U.S. consumers to pay higher prices.

An auto industry leader says U.S. president-elect Donald Trump's threat of tariffs on Canadian goods would have devastating effects for the sector, forcing both Canadian and U.S. consumers to pay higher prices.

Trump sparked backlash among Canadian business and political leaders after posting to Truth Social on Monday that he will sign an executive order imposing a 25 per cent tariff on all products coming to the United States from Canada and Mexico.

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