Oshawa mayor Dan Carter ‘optimistic' despite hefty U.S. auto tariffs [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
Carter made the comment in an interview with CP24's Leena Latafat on Thursday afternoon, hours after Prime Minister Mark Carney announced that Canada would retaliate with a 25 per cent tariff on U.S. made vehicles that fall outside of an existing North American free trade pact. The auto industry is a significant driver of Oshawa's economy, with more than 3,000 employees working at a GM assembly plant in the city and thousands of others working in jobs indirectly related to the auto sector. Across Ontario an estimated 100,000 people work in the auto sector. “Believe it or not, I'm hearing optimism,” Carter said. “We don't know all the details in regards to yesterday's announcement… I'm trying to make sure we gather as much information as possible. I can only speak about here in Oshawa, but I feel optimistic about where we sit at this particular moment.” Vehicles that are assembled in Canada will only be taxed based on the portion of their parts that are foreign-made, something t
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