As Trump struck an agreement with Mexico on a revised NAFTA earlier this week, he gave Canada until Friday to make concessions that would allow it to join the pact. If the country doesn’t, Mr. Trump suggested auto tariffs would be on the table, saying, “I think with Canada, frankly, the easiest thing we can do is to tariff their cars coming in.”
Tariffs on autos from Canada—where about 10 percent of cars sold in the U.S. are made, along with auto parts—would disrupt the U.S. auto industry, analysts said. If tariffs are imposed, they foresee price hikes of twenty-five percent and product disruption.
Read the article at CBS News MoneyWatch.
The post Here’s What You’ll Pay If Trump Slaps Auto Tariffs on Canada appeared first on Fleet Management Weekly.
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