Trump's 25% tariff could be an existential threat to Canada's recovering auto industry (1 Viewer)

[Michael Wayland,CNBC]

DETROIT — There's growing concern that President-elect Donald Trump's plan to impose 25% tariffs on Canadian imports would be an existential threat to the country's recovering automotive industry.

Potential tariffs on vehicles and automotive parts are particularly alarming for the province of Ontario, the epicenter of Canada's auto industry. Five automakers — Ford Motor, General Motors, Stellantis, Toyota Motor and Honda Motor — produced 1.54 million light-duty vehicles last year in the province, largely for U.S. consumers.

"It'd be terrible. It'd...

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