Trump's tariffs hit Canada and Mexico, North American automobile manufacturing industry may suffer a heavy blow.
The 25% tariff imposed by Trump may pose an existential threat to Canada's recovering automotive industry.
20255
The delay was caused by the slower than expected adoption rate of electric vehicles. Trump also vowed to eliminate subsidies for purchasing electric cars, which help boost sales while federal incentives still exist.Charlotte Yates, Professor Emeritus at McMaster University and Chair of the Automotive Policy Research Centre, said, "People are also deeply concerned about the Canadian automotive industry because it is uncertain about its future direction. A series of public policy changes and shifts in political attitudes, and of course, the threat of tariffs, have indeed made the industry in Canada feel uneasy."
Ontario Premier Ford believes that the United States and Canada should continue to work together as they have for decades. Ford said, "We should focus on Mexico and others, rather than our closest ally in the world. Let's build a fortress, a fortress of Americans and Canadians against the rest of the world. If we stand united, we will not be stopped."
Related Articles

Hong Kong Securities and Futures Commission Signs Memorandum of Understanding on Mutual Recognition of Funds with UAE to Expand Public Funds into the Middle East Market

Zhongyuan Chen Yongjie: Policy Address and Interest Rate Cut Double Positive, Expected Hong Kong Property Prices and Rents to Rise by 5% for the Whole Year.

Star Valley Mortgage: Hong Kong banks interest rate cut this time is not significant, it is expected that there will be one more interest rate reduction opportunity this year.
Hong Kong Securities and Futures Commission Signs Memorandum of Understanding on Mutual Recognition of Funds with UAE to Expand Public Funds into the Middle East Market

Zhongyuan Chen Yongjie: Policy Address and Interest Rate Cut Double Positive, Expected Hong Kong Property Prices and Rents to Rise by 5% for the Whole Year.

Star Valley Mortgage: Hong Kong banks interest rate cut this time is not significant, it is expected that there will be one more interest rate reduction opportunity this year.
