Surge Battery Metals Inc. V.NILI

Volkswagen $7 billion EV plant to move to USA due to tariffs

[deepoil0808]

LONDON, ONT. — Southwestern Ontario may lose a $7-billion investment and the 3,000 jobs that come with it if Canadian industry is hit with a 25 per cent tariff from U.S. president-elect Donald Trump, one trade expert warns.

Volkswagen, now building an electric vehicle battery plant in St. Thomas, may be forced to reconsider the investment, and relocate to a U.S. site, rather than pay, said Andreas Schotter, an expert in international trade and a professor at Western University’s Ivey business school.

https://windsorstar.com/news/local-news/trump-trade-tariffs-threaten-volkswagen-7b-st-thomas-plant-trade-expert

 

 

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