David Canton

@DavidCanton

Business lawyer and TM agent with a practice focusing on tech issues. Get our Tech Law Weekly newsletter

London, Ontario

Joined April 2008

387 Following

1.3K Followers

6.2K Posts

DavidCanton retweeted

robertlendvai 

@robertlendvai

over 1 year ago

Donald Trump’s “Tariff Canadian Cars” Plan: A Masterclass in Economic Self-Sabotage Trump, in his infinite wisdom, recently declared: “We don’t need Canada’s cars.” So, he is once again threatening to impose tariffs on cars made in Canada – because nothing says economic genius like taxing your own cross-border auto industry supply chain. Here’s the problem: Trump seems to think that a car built in Canada is 100% Canadian – as if it was handcrafted by lumberjacks using trees from British Columbia and fueled with maple syrup from Quebec. Reality check: North America’s auto industry is one of the most integrated supply chains on the planet. Tariffs on Canadian-assembled vehicles don’t just hurt Canada – they boomerang right back onto American workers, companies, and consumers. Let’s break this down for the MAGA crowd that struggled in ECON100: 🚗 That “Canadian” car? It’s American too. A Ford assembled in Ontario might have an engine from Michigan, seats from Ohio, software from California, and a cigarette lighter from Missouri. The auto supply chain crosses the border multiple times before a car is even finished. Slapping a tariff on it is like charging yourself extra for groceries you already paid for. 🏭 Auto jobs don’t stop at the border. Roughly 75% of the parts in Canadian-assembled cars come from U.S. suppliers. When you tax those cars, you’re making it more expensive for American factories to sell their own components. Genius, right? 💰 Guess who pays for these tariffs? (Hint: Not Canada.) Tariffs are just taxes on American consumers. The extra cost doesn’t come out of automakers’ profits – it gets passed on to the buyer. So, congrats, America! Your new Ford just got 25% pricier, all thanks to a guy who thinks trade is a zero-sum game. 🔁 Canada will retaliate. History lesson: Every time the U.S. pulls a “tariff tantrum”, Canada responds in kind. Last time, we hit back with tariffs on U.S. steel, aluminum, and consumer goods. This time? Expect major tariffs on American-built vehicles like a Tesla heading north – which will hurt American automakers even more. So what’s the net effect? Higher prices, lost jobs, and a self-inflicted economic wound that won’t bring a single car factory back to the U.S. But sure, Donald. Go ahead and tell your supporters that you’re “saving American jobs” while making their Ontario-assembled Chevrolet Silverados and F150s way more expensive. This isn’t an economic strategy – it’s a MAGA pandering stunt with a price tag attached to it. And that price will be paid by American workers, companies, and consumers.

David Canton

@DavidCanton

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