By CRM Staff
Toronto, Ontario — June 1, 2018 — Mark Nantais, president of the Canadian Vehicle Manufacturers’ Association, recently issued the following statement on the punitive nature of the imposition of steel and aluminum tariffs on the Canada, Mexico and the EU by President Trump:
“Considering the high integration of the auto industry across Canada, Mexico and the United States, the imposition of these tariffs will undermine our global competitiveness and have disruptive consequences for the thousands of jobs the supply chain supports in all three countries.”
Nantais continues, “It is disappointing to see close allies and partners imposing tariffs on each other as that can only increase prices within our highly integrated economies. It is our hope that the North American governments will quickly find a positive trade resolution that does not penalize our shared customers.”
For more information, please visit cvma.ca.