shockedcanadian
Diamond Member
- Aug 6, 2012
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Remember I stated 250k lost jobs a few months back if Trump got rid of NAFTA or car tariffs? This is what the "experts" at Canada predict. I am going on a limb and sticking to my estimations as this will go beyond just auto in regards to how companies will interpret this. It would start a rush of jobs back to America. The alt-left know this by the way and they are working overtime to try and derail Trump on behalf of their global masters.
By simply hitting Canada with a 25% tariff on cars, you will see a rush of high paying jobs back to the U.S. Guaranteed.
Auto tariffs would kill 1 out of every 5 manufacturing jobs in Ontario, TD says | CBC News
Donald Trump's threat to slap tariffs on Canadian cars and car parts could cost the country up to 160,000 jobs, especially if Canada retaliates, TD Bank warns.
In a report Monday, senior economist Brian DePratto crunched some numbers on the economic impact of a 10 per cent tariff on car parts, and a stiffer 25 per cent levy on fully assembled vehicles.
Those numbers aren't just pulled from thin air. They're the exact tariff levels the Trump administration recently implemented on aluminum and steel, and DePratto assumes a similar breakdown is a decent base-case scenario to work from, with 10 per cent on car parts, and 25 per cent on more high-value fully assembled vehicles.
His analysis also assumes that Canada would respond with some sort of tariff on U.S. cars and car parts, just as it did with metals.
Technically, nothing is written in stone and the earliest we'd likely see any vehicle tariffs would be August. But the wheels are certainly in motion for another front to soon open in the unexpected trade war between Canada and the United States. The first warning shots were fired in May when the Commerce Department began an investigation into the auto sector along national security grounds — the same justification that was made in slapping tariffs on steel, aluminum and other products.
By simply hitting Canada with a 25% tariff on cars, you will see a rush of high paying jobs back to the U.S. Guaranteed.
Auto tariffs would kill 1 out of every 5 manufacturing jobs in Ontario, TD says | CBC News
Donald Trump's threat to slap tariffs on Canadian cars and car parts could cost the country up to 160,000 jobs, especially if Canada retaliates, TD Bank warns.
In a report Monday, senior economist Brian DePratto crunched some numbers on the economic impact of a 10 per cent tariff on car parts, and a stiffer 25 per cent levy on fully assembled vehicles.
Those numbers aren't just pulled from thin air. They're the exact tariff levels the Trump administration recently implemented on aluminum and steel, and DePratto assumes a similar breakdown is a decent base-case scenario to work from, with 10 per cent on car parts, and 25 per cent on more high-value fully assembled vehicles.
His analysis also assumes that Canada would respond with some sort of tariff on U.S. cars and car parts, just as it did with metals.
Technically, nothing is written in stone and the earliest we'd likely see any vehicle tariffs would be August. But the wheels are certainly in motion for another front to soon open in the unexpected trade war between Canada and the United States. The first warning shots were fired in May when the Commerce Department began an investigation into the auto sector along national security grounds — the same justification that was made in slapping tariffs on steel, aluminum and other products.
