Search History
Clear
Trending Searches
Refresh
avatar
Canadian Prime Minister Carney: A 25% auto tariff "will damage us"
Financial Circle 2025-03-27 10:33:59

Canadian Prime Minister Mark Carney said on Wednesday that U.S. President Trump's "unreasonable" 25% tariff on imported automobiles would harm Canada's economy.

Kearney stated that he would meet with ministers from the U.S.-Canada Cabinet Committee on Thursday to discuss trade options, including retaliatory tariffs on American products. Ontario Premier Doug Ford mentioned that he would encourage Kearney to impose tariffs on U.S.-made automobiles. Canada's automotive-related industries are primarily concentrated in Ontario.

Kearney stated before a planned campaign rally in London, Ontario: "This will harm us." He said these tariffs are a "direct blow" to Canadian workers and businesses, and that Trump "betrayed" the North American trade agreement he renegotiated during his first presidential term, namely the USMCA. Kearney added: "We will defend our workers, we will defend our businesses, we will defend our country."

"Trump's auto tariffs are a rather significant action and are completely unreasonable. This is completely inconsistent with the US-Mexico-Canada Agreement and, in fact, does not align with the long-standing relationships in the automotive industry." BMO Capital Markets estimates that the automotive industry accounts for 7% of trade-related jobs between the U.S. and Canada.

Earlier on Wednesday, Carney said at a campaign event in Windsor, a border city in Ontario, that if elected, he would establish a fund exceeding 1 billion Canadian dollars to help the Canadian auto industry应对特朗普政府贸易政策的影响。该基金的另一个目标是建立一个“全加拿大”的汽车制造网络,他说,这将限制加拿大制造的汽车组装零部件跨越美加边境的次数。 Earlier on Wednesday, Carney said at a campaign event in Windsor, a border city in Ontario, that if elected, he would establish a fund exceeding 1 billion Canadian dollars to help the Canadian auto industry应对特朗普政府贸易政策的影响。 The other goal of the fund is to create a "pan-Canadian" automotive manufacturing network, he said, which would limit the number of times Canadian-made auto parts cross the US-Canada border for assembly. It seems there is a repetition or missing part in your original text. Please check and provide the correct version.

【Copyright and Disclaimer】The above information is collected and organized by PlastMatch. The copyright belongs to the original author. This article is reprinted for the purpose of providing more information, and it does not imply that PlastMatch endorses the views expressed in the article or guarantees its accuracy. If there are any errors in the source attribution or if your legitimate rights have been infringed, please contact us, and we will promptly correct or remove the content. If other media, websites, or individuals use the aforementioned content, they must clearly indicate the original source and origin of the work and assume legal responsibility on their own.