Bloomberg
Tariffs Could Bring Canada Auto "To Its Knees"
Friday, August 28, 2026
President Trump announced plans to increase tariffs to 50% on Canadian automobiles, trucks, automotive parts, and steel beginning January 2026. Linda Hasenfratz, Executive Chair of Linamar, stated that such tariffs would impact the automotive industry, which has operated under free trade agreements with the United States for decades.
