Canada Ready to Issue Retaliatory Tariffs Against Trump
April 2, 2025
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1:34Now PlayingCanada Ready to Issue Retaliatory Tariffs Against Trump
YouTube Description
as posted by the channelVehicle buyers in Canada are trying to beat the price hikes of a trade war, as the government of Prime Minister Mark Carney prepares to strike back against the latest fusillade of import taxes from the White House.
Canadian consumers bought 185,000 cars and light trucks last month, according to estimates from DesRosiers Automotive Consultants, the best March total since 2018.
A recent surge demand has caused auto dealers like Michael Carmichael to alter their strategies. Two weeks ago, he dropped prices at his six automotive dealerships in southwestern Ontario, believing he needed to clear inventory as the effects of a trade war kicked in. Now he’s reversed course. New sales leads have jumped, so he increased prices by around 3%.
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