Quotes
At least automakers have seen some version of this uncertainty,
said Hovig Tchalian, assistant professor at the University of Southern California
The uncertainty that’s being created for the auto industry is going to inhibit investment as firms try to assess what the future looks like,
said Brett House, a professor at Columbia University’s business schoolA substantial change in automotive free trade will hurt stock prices of all automakers because their profits will take a hit and consumers will face higher prices on vehicles, further diluting sales going forward,
he saidHaving invested millions in a plant to manufacture the Q5 in Mexico, primarily for the U.S., just one decade ago, that facility all of a sudden looks like a white elephant investment,
said Matthias Schmidt, a European auto analyst
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When it comes to fentanyl, for the last four years, unfortunately, our neighbors to the north and the south, Canada and Mexico respectively, have allowed America to be a dumping ground, not just for illegal aliens but for illegal, poisonous deadly fentanyl, which is now the number one killer of young people in this country aged 18 to 34,
Leavitt said
I don’t have a crystal ball but what I can assure the American people is that this president and this administration is doing everything they can” to make life more affordable
Leavitt saidThe president did just put out a statement on his call with the Governor Justin Trudeau, as he calls him, of Canada,
Leavitt said, referring to a post to Trump’s Truth Social accountThe three companies that [Trump] spoke to are Stellantis, Ford and General Motors. They requested the call, they made the ask and the president is happy to do it; it’s a one-month exemption,
she saidHe said that he was not pleased [with Canada’s action against fentanyl]. … He said it’s not good enough. He told Prime Minister Justin Trudeau that directly,
she saidReciprocal tariffs will still go into effect on April 2, but at the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not at an economic disadvantage,
Press Secretary Karoline Leavitt said on behalf of Trump
We're going to have growth in the auto industry like nobody's ever seen,
Trump said Tuesday night before a joint session of CongressWe have invested over $3 billion in advanced vehicle manufacturing in America in just the past three years, with a cumulative total of more than $24.7 billion,
Honda said in an emailed statementThe whole supply chain cannot swallow 25%,
Forvia CEO Martin Fischer said during a media eventIf war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end,
China’s embassy to the United States posted on X on Tuesday night
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Today, the United States launched a trade war against Canada, their closest partner and ally, their closest friend. At the same time, they are talking about working positively with Russia, appeasing Vladimir Putin, a lying, murderous dictator. Make that make sense,
Trudeau said on Tuesday
Those who long for peace must prepare for war,
Hegseth said Wednesday morningIt may be a little bit of an adjustment period,
he said after claimingBoth countries will continue to be in contact today,
Trudeau’s office saidAll automakers will be impacted by these tariffs on Canada and Mexico. Most anticipate the price of some vehicle models will increase by as much as 25 percent and the negative impact on vehicle price and vehicle availability will be felt almost immediately."
John Bozzella, head of the Alliance for Automotive Innovation, told Reuters
...Could be ground zero for the impact on the tariffs, this Doge Ram truck, $80,000, instantly became $100,000."
Jeff Flock, a reporter for Fox Business, said in a video clip