Trump Team Signals Auto Border Tax Could Also Hit Canada
- Trump aide says Mexico won’t be only trade partner targeted
- Canada border tax poses even bigger risk to auto sector
Linamar CEO: Border Tax Could Hurt The Consumer
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The Trump administration is signaling Canada could face the same retaliatory trade measures as Mexico, in what would be an even bigger disruption to automakers such as Toyota Motor Corp. and Fiat Chrysler Automobiles NV.
Asked whether an auto border tax could impact Canada, President-elect Donald Trump’s spokesman, Sean Spicer, told reporters their policy isn’t specific to any one country. “When a company that’s in the U.S. moves to a place, whether it’s Canada or Mexico, or any other country seeking to put U.S. workers at a disadvantage,” Spicer said on a conference call Friday, then Trump “is going to do everything he can to deter that.”