Monday, September 10, 2018

Trump Threatens Canada ‘Ruination’ on Autos

The Detroit News

Trump believes Canada is ripping off the U.S. and if a deal can’t be reached, he’ll apply a 20 percent tariff on cars. “In some countries, including Canada, a tax on cars would be the ruination of the country. That’s how big it is. The ruination of the country,” he said. “NAFTA has been the worst trade deal ever.”

Canadian officials have opened the door to making dairy concessions, but would rather see the existing 1994 NAFTA pact die than be forced to sign a bad deal to update it. Trump has regularly threatened auto tariffs if no deal can be reached.

Read the article at The Detroit News.

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