Trump's Tariff Plan: Canada's Auto Jobs on Thin Ice 😬🧊

The Deets

Okay, fam, so here's the tea. Trump's dropping a revised tariff plan, and it's not looking good for our neighbors up north. This plan basically gives US automakers a 15% discount on imported parts used in cars built in the US and eases up on those steel and aluminum tariffs.

But here's the sus part: Experts are saying this could straight-up YEET Canadian auto jobs. Like, major L's all around. They're saying it'll make the US auto industry less competitive overall, which is bad news for everyone involved, including Canada and Mexico.

The plan is kinda giving "move your supply chains to the US" energy. And if that happens, get ready for car prices to skyrocket, fewer options to choose from, and less cars being made overall. Not a vibe.

People are calling the whole thing a sneaky way to protect US plants and treat Canada like a trade enemy. Some are even saying it could mess up the whole interconnected supply chain. One expert was like, "Canada needs to hit up the US government ASAP and start negotiating a new trade agreement, no cap."

Automakers can claim money back on imported parts, but it decreases over two years. The plan also excludes Canadian components in US-built rides if they comply with CUSMA rules, but keeps tariffs on Canadian parts in Canadian-assembled rides. Any disruption destabilizes the industry, strains manufacturers, and results in job losses.

Basically, this whole situation is giving major stress to the auto industry. It's straining manufacturers and could lead to a whole bunch of job losses. We'll keep you updated as this unfolds. Stay woke!