With the inauguration of President Trump, the North American auto industry faces potential tariffs on Canadian and Mexican imports. GM's Canadian leadership has raised alarms that these tariffs could damage the complex supply chain built over decades, driving vehicle prices higher and ultimately hurting consumers. Canadian officials are also considering retaliatory measures against the U.S., which adds another layer of uncertainty. As the industry adapts to the changing political landscape, the implications of these tariffs could prove detrimental, not just to automakers but to buyers at large.
"It is a disruption that is in no one's interest, especially in the U.S.," warned GM Canada President Kristian Aquilina during an interview.
Canadian officials have threatened retaliatory tariffs on the U.S. should the president push forward with his threats of duty fees of up to 25% for Canada and Mexico.
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