Reported about 9 hours ago
At the World Economic Forum, President Trump stated that the U.S. doesn't need Canadian-built cars, suggesting tariffs on auto imports from Canada. However, a report from TD Economics warns that such tariffs could harm U.S. automakers and consumers by raising car prices and causing economic disruptions. Currently, Canada produces about 10% of the cars sold in the U.S., and if the U.S. were to shift production from Canada, it would require significant investment and potentially high costs for consumers, as well as a ripple effect on trade with Canada and Mexico.
Source: YAHOO