President Donald Trump is threatening to propose new tariffs of as much as 25 per cent on auto imports. In the meantime, the clock is ticking to clinch a NAFTA deal that can be voted on by the current Congress this year. The looming threat of auto levies could further weigh on Mexico and Canada, which have a large stake in the U.S. auto market as the two biggest foreign suppliers of vehicles. “I don’t see how bullying them on auto tariffs will change that. Trade experts were at a loss to explain how the booming U.S. auto sector could be considered a national-security risk.

Source: thestar May 24, 2018 19:07 UTC