Trump's tariffs could devastate auto sector, raise consumer costs
Update: 2024-11-27
Description
Flavio Volpe, President of the Automotive Parts Manufacturers Association joins host Vassy Kapelos to discuss how any cross-border tax would increase the cost of components and raw materials that go back and forth between the neighboring countries, leading to a slowdown in production and higher prices at the dealership.
On todays show:
- Listen to Vassy's full conversation with Dominic LeBlanc Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs of Canada on how the federal government is preparing to deal with the treat of a 25% tariff.
- Jimmy Jean, Vice-president and chief economist at Desjardins joins host Vassy Kapelos to answer this weeks 'The Explainer' question regarding what a tariff is, and how it would affect Canada's economy.
- The Daily Debrief Panel with Scott Reid, Laura Stone, and Kory Teneycke.
- Professor Meredith Lilly, Simon Reisman Chair in International Economic Policy at Carleton University joins Vassy to discuss what the economic impact of a 25% tariff would be.
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