How will Trump's tariffs affect Michigan's auto industry?
Published on Mar 5, 2025, 2:00:53 PM
Total time: 00:15:51
Published on Mar 5, 2025, 2:00:53 PM
Total time: 00:15:51
The Trump administration's tariffs on Canada and Mexico went into effect this week, despite economists concerns that the 25% tax on goods could be detrimental to the U.S. and its trading partners.
Shortly after Trump announced the tariffs, Ontario Premier Doug Ford announced a retaliatory plan to implement a 10% tariff on Canadian energy, adding that he's willing to cut off electricity exports to the U.S. if Trump's tariffs against Canada move forward.
Canada’s Prime Minister Justin Trudeau has said his country would respond with tariffs on more than $100 billion of American goods over the course of 21 days.
The tariffs will impact wide swaths of the U.S. economy, with the auto industries in metro Detroit and Ontario expected to be hit especially hard.
To discuss those risks and how automakers are responsing, Automotive News reporter John Irwin joined The Metro.
Hear more stories from The Metro on Wednesday, March 5, 2025.
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