Donald Trump announces tariffs on auto imports

U.S. President Donald Trump announced tariffs on automotive imports amid a growing trade war with Canada and Mexico.

Connect with BNN Bloomberg:
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.

[chachaman]

Less and less people will be buying American cars.

[benhaze]

Canada needs to immediately do:
1. Tax all Teslas 100%
2. Lift all taxes on BYD and vehicles from China
3. Lift tariffs on EU cars -if any-
Leave NA automotive alone for now as we are more intelligent than the US government understanding the impact on putting tariffs on NA automotive; we can use other means to hurt back US economy. Also let's not penalize Mexico for the US silliness.

[deananderson]

They will export less which means less income, less jobs, higher prices. Just look at the 1930’s to see how tariffs worked.

[Osprey-ol]

Too bad American vehicles were so inferior.

[geraldmaenpaa]

The USA should get prepared for auto plant closures if not bankruptcies.🇨🇦🇺🇦🤔

[peterpan]

I just bought our last US $100, 000 auto this year…. It’s over for me, as multi-million dollar buyer.

[geraldmaenpaa]

I believe that the USA just lost the Canadian auto auto market. If I'm not mistaken Canada buys about 5 million vehicles a year from the US. 🇨🇦🇺🇦🤔

[geraldmaenpaa]

Hopefully Canada 🇨🇦 increases the export tax on Canada's raw materials. 🇨🇦🇺🇦🤔

[andreabalfour]

"Save 15 whales, bring back the black lung, clear cut California, protect birds by getting rid of windmills but coal is good for them." Yep, I see nothing wrong with this plan, but why go on the news himself when his crew can text editors and let them spread the word. Yeesh, there's probably more cocaine and fentanyl in the whitehouse crew right now this past week than what actually made it across the US/ Canada border the entire past year.😂

[sfox]

He does realize that this will inflate sticker prices on cars and trucks in America right ? The cost of large ticket irems dont come down ever once they are hiked up..cannt fix stupid...

[fortyRpm]

Canadian markets are about to crash hard !

[SamueleLangeli]

Germany opened up coal plants because the Us blew up the gas pipeline from Russia. Genius !

[NormanBrooks-hn]

2:10 Drumpf and Leon aren't having any trouble getting lots of drugs.

[robertdixon]

Forget tarriffs. Waste of time. Take US made cars off the lots n shelf period. We can trade with with or proper Commonwealth allies. Long Overdue. Mega projects coming up in Canada there will be jobs.

[quadtracker]

About time, bring those jobs back to America.