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Canada’s Auto Industry Is Split on a U.S. Tariff Deal: What It Means for Your Wallet

  Canadian Money Brief • Tariffs & Trade • Saturday, November 14, 2026 Ottawa is once again trying to land a tariff deal with Washington. This time, the biggest fight may be inside Canada's own auto industry, and the outcome could reach your paycheque, your car purchase and your savings. Canada's auto manufacturers agree on the goal: get U.S. tariffs on Canadian-built vehicles down. They do not agree on how fast to move or what to accept. According to a Globe and Mail report published overnight, the Detroit Three (Ford, GM and Stellantis) want a deal sooner rather than later, even an imperfect one, while Honda and Toyota are pushing Ottawa toward a very different design. It matters now because of the clock. Canadian-built vehicles already face a 25% U.S. tariff on their non-American content, and Washington has threatened to double the headline rate to 50% on January 1, 2027. Honda has warned that doubling would be catastrophic for the North American industry. Prime Minister...
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Trudeau Slams Trump's Tariffs as "Very Dumb" Move

 

In a fiery address, Canadian Prime Minister Justin Trudeau condemned U.S. President Donald Trump's recent tariffs on Canadian goods, calling them a "very dumb thing to do." Trudeau announced that Canada would retaliate with 25% tariffs on $155 billion worth of American goods, starting with $30 billion immediately and the remaining $125 billion in 21 days.

Trudeau criticized Trump's decision to impose tariffs on Canada, Mexico, and China, arguing that it would harm American families and businesses. He pointed out the inconsistency of the U.S. administration's actions, noting that while they were launching a trade war against Canada, they were simultaneously seeking positive relations with Russia.

The Canadian Prime Minister emphasized that Canadians are reasonable and polite but will not back down from a fight when their country's well-being is at stake. He assured Canadians that the government would use every tool at its disposal to protect Canadian workers and businesses.

Trudeau's strong stance highlights the escalating tensions between the two neighboring countries and the potential economic fallout from the ongoing trade war.

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