https://www.theguardian.com/world/2025/apr/03/canada-trump-tariffs-exemption
Flavio Volpe, president of the Automotive Parts Manufacturers’ Association posted on social media the result was “like dodging a bullet into the path of a tank”.
“The. Auto. Tariff. Package. Will. Shut. Down. The. Auto. Sector. In. The. USA. And. In. Canada,” he wrote. “Don’t be distracted. 25% tariffs are 4 times the 6/7% profit margins of all the companies. Math, not art.”
Candace Laing, head of Canada’s Chamber of Commerce said in a statement the world was “waking up today to a reality that Canada has been living with for months” and that the tariffs mean businesses around the world “have had their uncertainty expanded … chain reaction of tariffs and counter-tariffs will have a real and distressing economic impact on Americans, Canadians and the global economy.”
