Ontario Premier Doug Ford expressed cautious optimism in response to U.S. President Donald Trump’s announcement of new tariff rates on foreign-made vehicles. Trump revealed a minimum baseline tariff rate of 10 per cent, with an additional 25 per cent on top for foreign-made vehicles. Despite the potential impact on Ontario’s automotive industry, Ford indicated that he did not believe the situation was as dire as it could have been.
Interestingly, neither Canada nor Mexico were included on the list of countries facing tariffs, sparking speculation about potential implications for these North American neighbors. Ford saw this omission as a positive sign, noting that being left off the list could be viewed as good news for Ontario and Canada.
The premier emphasized the need for more information before making any definitive statements on the situation, highlighting the uncertainty surrounding the issue. Ford echoed the sentiment that developments in international trade policy can evolve rapidly, underscoring the importance of staying informed and prepared for any potential changes.
As Ford awaits further clarification on Trump’s “Liberation Day” tariffs, the automotive industry in Ontario and Canada remains on alert. The premier’s measured response reflects the cautious optimism and sense of vigilance that characterize the current state of affairs in the face of shifting trade policies.
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Video “”I think that's good news”: Ford awaits clarification on Trump “Liberation Day” tariffs” was uploaded on 04/02/2025 to Youtube Channel Global News