Trump’s administration suggests Canada could get hit as Mexico with the same car border tax.
The Trump organization is showing signs Canada could confront the same retaliatory trade measures as Mexico, in what might be a considerably greater interruption to automakers, for example like, Toyota Motor Corp. and, Fiat Chrysler Automobiles NV.
Asked whether an auto border duty could affect Canada, President-elect Donald Trump’s spokesman, Sean Spicer, told reporters their policy wasn’t particular to any one nation.
“When a company that’s in the U.S. moves to a place, whether it’s Canada or Mexico, or any other country seeking to put U.S. workers at a disadvantage,” then the incoming U.S. president “is going to do everything he can to deter that.”
“It’s not so much a target at one particular country or one particular industry,” Spicer said, according to a Bloomberg report.
In the weeks since the U.S elections, numerous Canadian government officials and administrators have tried to stress how coordinated the Canada-U.S. auto sector is, with parts doing a back and forth across the border. Some have additionally brought up that a duty on vehicles could expand the costs U.S. purchasers would need to pay.
Amid late contract arrangements with the Unifor union, the Detroit Big 3 automakers, GM, Ford and Fiat Chrysler, all dedicated to interests in their Canadian operations. Including plans by Honda reported for the current week for practically $500 million in investment at its Alliston, Ont., production offices, automakers have said in the course of recent months that they will contribute about $2 billion to Canada.
The Toyota Corolla production going to Mexico is really being moved south from a plant in Cambridge, Ont.