North American Auto Success At Risk With Tariff Seesaw

North American auto workers, plants and investors can’t predict how the U.S. administration will wake up and feel on any given morning. Business plans are delayed. Pricing pressure is rising.
 
North America’s auto sector is deeply integrated — nearly 80% of Canadian-made vehicles are exported, mostly to the U.S. Whether the U.S. administration likes it or not, we’re in this together and supply chains don’t heal quickly once broken. 
 
Tariffs just add taxes to the cost of completed cars, with auto parts and cars moving back-and-forth from facility to facility. The consequences: less employment, domestic and foreign investment, and retirement savings for future retirees. 
 
Only an end to tariffs provides real relief. Ongoing ups and downs perpetuate uncertainty, and uncertainty drives away business for both Canada and the U.S.

• Candace Laing, President and CEO, Canadian Chamber of Commerce

About the Canadian Chamber of Commerce — The Future of Business Success 

The Canadian Chamber of Commerce is Canada’s largest and most activated business network — representing over 400 chambers of commerce and boards of trade and more than 200,000 business of all sizes, from all sectors of the economy and from every part of the country — working to create the conditions for our collective success. The Canadian Chamber of Commerce is the undisputed champion and catalyst for the future of business success. From working with government on economy-friendly policy to providing services that inform commerce and enable trade, we give each of our members more of what they need to succeed: insight into markets, competitors and trends, influence over the decisions and policies that drive business success, and impact on business and economic performance.   

Media Contact

Shane Mackenzie
Vice President, Media and Stakeholder Communications
613.302.7683
smackenzie@chamber.ca