The tax hike on auto imports starting in April means automakers could face higher costs and lower sales.
Canadian Prime Minister Mark Carney called US President Donald Trump바카라s auto tariffs a 바카라direct attack바카라 on his country and vowed to 'defend' the Canadian workers and companies. Carney also stated that the 'trade war' by Trump is going to hurt american consumers.
Trump said earlier Wednesday that he was placing 25% tariffs on auto imports and, to underscore his intention, he stated, 바카라This is permanent.바카라
AP quoted Carney responding to Trump's announceemnt with, 바카라This is a very direct attack. We will defend our workers. We will defend our companies. We will defend our country."
The auto tariffs are part of a broader reshaping of global relations by Trump, who plans to impose what he calls 바카라reciprocal바카라 taxes on April 2 that would match the tariffs, sales taxes charged by other nations.
The tax hike on auto imports starting in April means automakers could face higher costs and lower sales.
Canadian President Mark Carney stated that Trump's auto tariff "is a very direct attack,바카라 and added, "We will defend our workers. We will defend our companies. We will defend our country."
Carney, according to AP said that he needs to see the details of Trump바카라s executive order before taking retaliatory measures. He called it unjustified and said he will leave the election campaign to go to Ottawa on Thursday to chair his special Cabinet committee on U.S. relations.
Carney had earlier announced a CA$2 billion ($1.4 billion) 바카라strategic response fund바카라 that will protect Canadian auto jobs affected by Trump바카라s tariffs.
Autos are Canada바카라s second-largest export. Carney noted the sector employs 125,000 Canadians directly and almost another 500,000 in related industries.
바카라Canada will be there for auto workers,바카라 he said.
바카라His trade war is hurting American consumers and workers and it will hurt more. I see that American consumer confidence is at a multi-year low,바카라 Carney said earlier while campaigning in Windsor, Ontario ahead of Canada바카라s April 28 election.
바카라He wants to break us so America can own us,바카라 Carney said. 바카라And it will never ever happen because we just don바카라t look out for ourselves, we look out for each other.바카라
Carney said the bridge carries $140 billion Canadian dollars ($98 billion) in goods every year and CA$400 million ($281 million) per day.
바카라Now those numbers and the jobs and the paychecks that depend on that are in question,바카라 Carney said. 바카라The relationship between Canada and the United States has changed. We did not change it.바카라
President Donald Trump said he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains.
바카라This will continue to spur growth,바카라 Trump told reporters Wednesday. 바카라We바카라ll effectively be charging a 25% tariff.바카라
The tariffs, which the White House expects to raise $100 billion in revenue annually, could be complicated as even U.S. automakers source their components from around the world. The tax hike starting in April means automakers could face higher costs and lower sales, though Trump argues that the tariffs will lead to more factories opening in the United States and the end of what he judges to be a 바카라ridiculous바카라 supply chain in which auto parts and finished vehicles are manufactured across the United States, Canada and Mexico.
To underscore his seriousness about the tariffs directive he signed, Trump said, 바카라This is permanent.바카라
The U.S. president reiterated his willingness to challenge allies by saying Thursday on social media that if the European Union coordinated with Canada, tariffs 바카라far larger than currently planned바카라 would be placed on them in retaliation.
(With AP inputs)