Stick Vs. Carrot: Trump Hits U.S. Automakers With Threats While Canada Provides $2 Billion In Reassurance
Source: Jalopnik
Stick Vs. Carrot: Trump Hits U.S. Automakers With Threats While Canada Provides $2 Billion In Reassurance
BY BRAD BROWNELLMARCH 28, 2025 2:07 PM EST
The juxtaposition of statements made this month by U.S. President Donald Trump and Canadian Prime Minister Mark Carney could not prove themselves more different when it comes to their respective countries' automotive manufacturing industries. Following the institution of sweeping automotive import tariffs, which will almost certainly lead to massive inflation of new car prices in the U.S., Donald Trump threatened U.S. based automakers, saying the White House would "look unfavorably on" any car company raising prices due to tariffs. Meanwhile, in Ottawa, Carney promised to "protect workers from American tariffs" while creating higher-paying jobs and buildout of an "all-in-Canada auto manufacturing network." Trump wants protection for himself and his policies, while Carney wants protection for the Canadian workers. The message could not be clearer.
On Thursday Ottawa promised to create what it is calling a "$2,000,000,000 Strategic Response Fund to boost the Canadian auto manufacturing sector, improve competitiveness and protect local manufacturing jobs. The fund is earmarked to fortify Canada's automotive supply chain "from raw materials to finished vehicles" and support upskilling Canadian workers.
"There's no building without manufacturing, no manufacturing without strong workers, and no workers without strong unions," said Carney. "With today's announcement, we will protect workers from American tariffs, create higher-paying jobs, and build an all-in-Canada auto manufacturing network." He later responded to Trump's tariffs by saying "This is a very direct attack. We will defend our workers. We will defend our companies. We will defend our country."
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Read More: https://www.jalopnik.com/1821350/canada-answers-trump-terrifs-2-billion-investment/
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