Trump's Auto Tariffs Put Canadian, U.S. Manufacturing Jobs at Risk -- Market Talk
Dow Jones03-27
1800 ET - Canada's largest business lobby, the Canadian Chamber of Commerce, says President Trump's 25% tariff on all imported automobiles is "destructive," and likely puts U.S. auto factories and its workers "at risk for generations, if not forever." The chamber estimates that just under a quarter of all North American-produced vehicles rely on the U.S.-Canada supply chain -- in particular, between auto-parts producers and vehicle-assembly plants in southern Ontario and Michigan. "Integrated supply chains like these are there for a reason - because they make sense economically," the chamber says, warning the tariffs could raise the price of a pickup truck by up to $8,000. (paul.vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
March 26, 2025 18:00 ET (22:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
