Watch: Trump Threatens Canada Warns Auto Tariffs ‘could Go Up’, Auto $108b On The Line For Industry

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President Trump is under pressure from U.S. automakers to walk back planned tariffs on car parts imported from China. While some exemptions may be granted, key 25% tariffs on foreign-made cars and parts remain, threatening to raise vehicle prices and disrupt global supply chains. Tesla has paused component shipments from China, and Ford has halted certain exports to China amid retaliatory duties. With losses mounting and uncertainty rising, automakers brace for impact as Trump doubles down on his economic strategy.    #Trump #AutoTariffs #CarIndustry #Tesla #Ford #TariffWar #SupplyChainCrisis #ChinaTariffs #TradeWar #USChinaTrade #GlobalEconomy #AutomotiveNews #TrumpTariffs #MadeInUSA #ElectricVehicles #AutoParts #Q4Earnings #Cybercab #SemiTruck #AutoPolicy #WhiteHouse #TrumpAdministration #EconomicStrategy #ElonMusk #EVMarket #ManufacturingCrisis #AutoLobbying #SteelTariffs #AluminumTariffs #CarPrices #USPolitics  Also Read  Trump Considers Temporary Exemption from Auto Tariffs to Aid Car Manufacturers Amid Economic Challenges :: https://www.oneindia.com/international/trump-considers-temporary-exemption-auto-tariffs-011-4124041.html?ref=DMDesc  Trump Dismisses General Tim Haugh from National Security Agency Amidst Congressional Concerns :: https://www.oneindia.com/international/trump-fires-general-tim-haugh-national-security-agency-011-4115013.html?ref=DMDesc  Trump Warns Iran: Strike A Nuclear Deal In Two Months Or Face Unprecedented Bombing :: https://www.oneindia.com/international/trump-warns-iran-strike-a-nuclear-deal-in-two-months-or-face-unprecedented-bombing-4109797.html?ref=DMDesc    ~HT.318~ED.103~GR.125~

Transcript

00:00Again, we don't really want Canada to make cars for us, to put it bluntly.

00:05We want to make our own cars, and we're now equipped to do that.

00:09They took a lot of our car business, Mexico too, took a lot of our car business.

00:13We want to make the cars here.

00:14I'm running this country, I'm not running Canada.

00:17And that's why I asked Trudeau, who I call Governor Trudeau, affectionately,

00:23but I asked him, why are we spending $200 billion to support Canada, to subsidize Canada?

00:31And he was unable to answer the question.

00:33I mean, why are we doing that?

00:35And I have to be honest, as a state, it works great.

00:40As a nation, considering the fact that most of the nation, you know, 95% of Canada,

00:47what they do is they buy from us, and they sell to us.

00:50They sell to us.

00:51If we didn't buy their oil, if we didn't buy their...

00:54And we don't need their oil.

00:56They have more oil than anyone, but we don't need their oil.

00:59We don't need their lumber.

01:00We don't need their cars.

01:00We don't need anything.

01:02So I said, why are we doing this?

01:04Why are we spending $200 billion?

01:06It doesn't make sense.

01:06If we needed something, that would be a different subject.

01:11So I'm working well with Canada.

01:14We're doing very well.

01:15We're working on a deal.

01:17We'll see what happens.

01:18But, again, you know, why, representing this country, why are we spending $200 billion to support and subsidize another country?

01:31Because if they didn't have us, and if we didn't spend that money, as Trudeau told me, they would cease to exist.

01:38He said that to me.

01:39They would cease to exist, which is true, certainly as a country.

01:42On tourism, there's been a steep drop-off in international travel to the United States.

01:49It was down 12% last month, down even more from Western Europe.

01:54Why do you think that there are fewer people suddenly who want to travel to the United States?

01:59Well, there could be a little, you know, there's a little nationalism there, I guess, perhaps.

02:03It's not a big deal.

02:04But, you know, with the dollar being where it is, because, you know, China would always fight for having a low dollar.

02:12Japan would always fight for having a low dollar, meaning a low yen, or, in the case of China, the yuan.

02:18They'd always want to have China would always, I'd speak to President Xi a lot.

02:23I'd say it's unfair that you, you know, your yuan is so low.

02:27I'd call up a great man, Prime Minister Abe, great, great man, Shinzo, who was, unfortunately, assassinated.

02:38And I used to tell you, he was a good friend of mine, I used to say, Shinzo, you gotta, you can't let your yen go down.

02:43It makes it very hard for us to sell tractors.

02:45It makes it very hard for us to get tourism.

02:47And our dollar is a little bit on the left side.

02:52And that means that a lot of tourism is going to come in.

02:55But I could see a little bit of nationalism at work.

02:58And I could see it likewise with us, not wanting to go to certain countries.

03:02But that will work out very easily.

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