• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, May 1, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in USA

Trump’s Auto Tariffs Gnaw Away US-Canada Bond

Comfort Ampomaaby Comfort Ampomaa
March 28, 2025
Reading Time: 4 mins read
Canada's Prime Minister, Mark Carney as Trump’s Auto Tariffs Gnaw Away US-Canada Bond

Canada's Prime Minister, Mark Carney.

Canadian Prime Minister, Mark Carney has offered his assessments of Trump’s latest tariffs, saying that it signaled an end to the tight bonds his country and the US once enjoyed.

Carney said, “The old relationship we had with the United States – based on deepening integration of our economies and tight security and military cooperation – is over.”

“We will need to dramatically reduce our reliance on the United States. We will need to pivot our trade relationships elsewhere. And we will need to do things previously thought impossible, at speeds we haven’t seen in generations.”

Mark Carney

Carney’s remarks arrived on the heels of a new executive proclamation from the Trump administration, placing a 25-percent tariff on all foreign-made automobiles imported into the US, starting on April 2, 2025.

Canadian Prime Minister, Mark Carney.
Canadian Prime Minister, Mark Carney.

Officials in both Canada and Mexico have decried Trump’s tariff campaign as a violation of the free-trade agreement the three countries signed in 2019, during the US President’s first term.

ADVERTISEMENT

However, the United Auto Workers (UAW) – one of the most influential labour unions in the US – praised Trump’s decision as a win for domestic workers.

UAW President, Shawn Fain wrote in a statement, “We applaud the Trump administration for stepping up to end the free trade disaster that has devastated working-class communities for decades.”

He blamed free-trade accords for sending US manufacturing jobs to cheaper markets abroad.

“These tariffs are a major step in the right direction for autoworkers and blue-collar communities across the country, and it is now on the automakers, from the Big Three to Volkswagen and beyond, to bring back good union jobs to the US.”

Shawn Fain

Meanwhile critics warn that the tariffs will not have an immediate effect on job creation for Americans, as it will take time to build new production lines in the US.

Flavio Volpe, the President of Canada’s Automotive Parts Manufacturing Association, explained that nearly two million automobiles constructed in Canada are made for US car companies.

Those Canadian factories, meanwhile, source half of their car parts and raw materials from the US.

Volpe said that serves as an illustration of how deeply intertwined the international car industry is.

“Anything that the White House is trying to do to Canadians is going to [be done] directly to the three biggest automotive enterprises that are based in the US.

“The industry is likely to shut down on both sides of the border within a week.

Flavio Volpe

Since the 25-percent tariffs were announced, US automaker General Motors has seen a sharp drop in its shares.

It is considered one of the “Big Three” car manufacturers in the US, alongside Ford and Stellantis.

ADVERTISEMENT

Carney Vows Firm Response

World leaders have denounced United States President Donald Trump for unveiling a new tariff measure, this time aimed at the automobile industry.

Carney likewise hinted at negative outcomes for the global economy – and a firm response from Canada.

“We will fight the US tariffs with retaliatory trade actions of our own that will have maximum impact in the United States and minimum impacts here in Canada.

“Let’s be clear. We’re all on the same page. We won’t back down. We will respond forcefully. Nothing is off the table to defend our workers and our country.”

Mark Carney

Carney’s words make it clear that Canada will defend its interests fiercely and will not simply acquiesce to U.S. pressure.

As nations brace for the ripple effects of this latest trade conflict, the real test now lies in whether this growing tide of economic protectionism can be prevailed over, or if this will mark the beginning of a more fractured, and increasingly contentious, trade landscape.

READ ALSO: MTN Ghana Declares GHS0.24 As Final Dividend Per Share At 7th AGM

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: auto tariffsCanadaDonald TrumpMark CarneyUS
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

New SEC Boss Vows to Boost Investor Confidence and Market Awareness

Next Post

South Sudan on Edge, AU Calls for Peace

Related Posts

F4RPH3SKVZFUHOBS3PFNEW2CGE
USA

US-Venezuela Commercial Flights Restored

April 30, 2026
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
USA

Trump Weighs Troop Cut in Germany

April 30, 2026
King Charles III, King of Britain.
USA

King Charles, Queen Camilla Visit National 9/11 Memorial 

April 30, 2026
US Evacuates Personnel From Middle East
USA

Hegseth Faces Questions On Economic Costs Of War With Iran

April 29, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

960x640

Iran War Threatens Singapore’s Economic Growth

May 1, 2026
Dr. John Osae-Kwapong, Democracy and Development Fellow, CDD-Ghana, and Project Director, the Democracy Project

OSP Authorization Row: Supreme Court Urged to Act Fast

May 1, 2026
Mr. John Kapi, Head of Public Affairs, WAEC

WAEC Bars Complicit Teachers To Safeguard Examination Integrity Nationwide

May 1, 2026
Jihadist fighters

Jihadists Call for Uprising in Mali

May 1, 2026
Hon. Emelia Arthur, Minister for Fisheries and Aquaculture Development

Blue Ventures Partnership Overhauls Failed Fisheries Governance Models

April 30, 2026
Next Post
AU Urges U.S. To Rethink New Travel Ban

South Sudan on Edge, AU Calls for Peace

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address