Canada Likely Rolls Out Additional Auto Support in Budget Plan -- Market Talk

Dow Jones
Nov 03

1014 ET - Capital Economics expects Canada to roll out further measures to help workers in the country's auto sector, which is "staring down the barrel" as the result of Trump administration tariffs. Canadian-assembled vehicles shipped to the U.S. face a 25% tariff on non-U.S. content in the cars. Bradley Saunders, CapEcon economist, says the outlook for Canadian auto industry was already bleak prior to new U.S. tariffs, prior to decisions by GM and Stellantis to either shift work to the U.S. or cease production on certain models. Among the options that Ottawa might consider, Saunders says, is offering to drop the 100% tariff on Chinese EVs so long as they are produced here in Canada. (paul.vieira@wsj.com; @paulvieira)

 

(END) Dow Jones Newswires

November 03, 2025 10:14 ET (15:14 GMT)

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