Automotive sector raises alarm over expected damage from tariffs

News Snapshot:

OSHAWA, ONT. AND TORONTO — Workers and companies in the automotive sector are bracing for the massive disruptions expected after U.S. President Donald Trump went ahead with his long-threatened tariffs on Canadian and Mexican goods. The 25 per cent tariffs on Canadian exports to the U.S. will mean a sharp rise in costs for automakers, especially since parts often cross the border several times as part of the deeply integrated industry. The cost and logistics pressure are expected to mean rising costs for consumers and lost jobs for the industry. "After months of taunts and threats that have already hurt...