Trump hasn’t worked out how auto parts tariff would work, Ontario minister says
Global News
The Trump administration has yet to land on a formula for tariffs on automotive parts, according to one of Premier Doug Ford's top cabinet ministers.
The Trump administration has yet to land on a formula for tariffs on automotive parts, according to one of Premier Doug Ford’s top cabinet ministers who suggested the unfinished calculation is the primary reason why the sector was previously spared.
On April 3, Canadian-made cars and trucks shipped to the United States were hit with a 25 per cent tariff. Federal officials have been told the U.S. plans to apply similar tariffs to certain auto parts on May 3 — with potential exclusions for parts that include American content — but is yet to do so.
Industry associations have already warned that tariffs on auto parts could send another shockwave through the sector and potentially seize up the auto manufacturing supply chain within days of tariffs being implemented.
Ontario’s trade minister said the province has been working behind the scenes to convince U.S. trade representatives to avoid repeating the mistakes made on Trump’s “liberation day” when the White House formula used to apply global tariffs was widely criticized.
“When we were at the (United States Trade Representative), that was a big part of our discussion, is that it’s very difficult to try to come up with a formula, how do you tariff a part that goes back and forth so many times,” Vic Fedeli, who serves as the Minister of Economic Development, Job Creation and Trade, told reporters at Queen’s Park on Thursday.
Fedeli said indecision over the formula played a role in the auto parts tariffs being delayed by the Trump administration. That thinking, he argues, should be followed to its logical conclusion.
“We said to them, come May 3, if you haven’t figured it out, that’s your answer: that it’s not something that’s going to be able to be done, or done easily,” Fedeli said.
Instead, Fedeli said, he asked trade representatives to “give it a pass” and highlighted the impact on business confidence.
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