Friday, July 20, 2018

PROMISING RETALIATION FOR AUTO TARIFFS

The federal government has sent a blunt warning to the Trump administration — if it slaps Canada with auto tariffs, Canada will hit back.
Canada's deputy ambassador to the U.S. delivered the message Thursday in Washington during testimony at U.S. Commerce Department hearings. The department is investigating whether duties should be applied based on the premise auto imports pose a national security risk to the U.S.
Putting levies on the highly integrated, economically critical North American auto industry and its supply chains would lead to large-scale layoffs on both sides of the border, numerous experts have argued.

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