Autos exempt from tariffs? As Linda said many times, how could you taxe parts that go back and forth the border 5-6 times.
But you never know with Trump. I don't get how 10% coule even go through? LNR would pass it to US clients or stop production. With 5% net profits on sales, you don't absorb an insane Trump tax!! Total bluff
Derek Holt, Scotiabank vice president and head of capital markets economics:
He added that he expects energy and autos would be “prime candidates” for carve outs so as not to directly pass costs onto US consumers.
https://www.bnnbloomberg.ca/business/2024/11/26/canadian-stocks-drop-as-traders-sell-into-trumps-tariff-threats/