U.S. President Donald Trump has added Canadian cars to his list of tariff threats, suggesting a potential 50 to 100 percent tariff on the industry.
During a Feb. 10 interview with Fox News, Trump said Canada “stole” the U.S. car industry and vowed to take it back.
“If we don’t make a deal with Canada, we’re going to put a big tariff on cars,” he said. “It could be 50 or 100 percent because we don’t want their cars. We want to make the cars in Detroit.”
Trump’s proposed tariff would overturn decades of agreements that have shaped the automotive trade between the two countries. The automotive industries of Canada and the United States have been closely linked since the 1965 Canada-United States Automotive Products Agreement, which removed tariffs on vehicles and parts traded between the two nations….