You’re correct that they will be hit by the tariffs but they won’t be hit by it multiple times. Most other car manufacturers have intermediate part production in Canada so they can end up paying tariffs again and again on the same part.
Depends on the specific tariff order usually a tariff on steel and aluminum goods would include any product composed of 50%+ that material. Since we don’t yet know the details of the order, it’s not certain but it’s quite likely to include finished parts and full automobiles.
You’re correct that they will be hit by the tariffs but they won’t be hit by it multiple times. Most other car manufacturers have intermediate part production in Canada so they can end up paying tariffs again and again on the same part.
What is steel and aluminum in terms of attracting tariffs? Are finished parts still considered steel?
Depends on the specific tariff order usually a tariff on steel and aluminum goods would include any product composed of 50%+ that material. Since we don’t yet know the details of the order, it’s not certain but it’s quite likely to include finished parts and full automobiles.