When CEOs are feeling so uncertain due to Trump's volatility, capriciousness and antics – as well has him changing his mind every few days on trade policy – that Trump-induced sense of instability means auto executives are unlikely to do what Trump wants: to rush to invest a billion or two to build a new auto plant…
The Canadian Chamber of Commerce warned that Trump's auto tariffs could backfire badly. In a statement, the chamber said: "Throwing away tens of thousands of jobs on both sides of the border will mean giving up North America's auto leadership role, instead encouraging companies to build and hire anywhere else but here. This tax hike puts plants and workers at risk for generations, if not forever."
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