US President Donald Trump has cautioned that existing tariffs on Canadian automobiles could be increased.
Trump made the remark on Wednesday from the Oval Office.
The development signals a further escalation in trade tensions just days before Canadians head to the polls.
“When I put tariffs on Canada – they’re paying 25 per cent – but that could go up, in terms of cars. All we’re doing is we’re saying we don’t want your cars, in all due respect. We want, really, to make our own cars,” he stated.
These were part of a broader speech laced with economic nationalism, where Trump again questioned Canada’s relevance without US trade support.
“Canada would cease to exist as a country if the United States stopped buying its goods,” Trump added.
DAILY POST reports that at the heart of Trump’s announcement is the existing 25% tariff on vehicles imported from Canada.
