Post #3926359
2026-07-18 03:10 UTC
Replies (1)
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@zazzoo@mstdn.ca 2026-07-19 04:24
@kgw@cosocial.ca While I threw in with the majority, it's worth noting that when you buy a car manufactured in North America, this may not be the case. I've had a few meetings with people in the Canadian automotive sector who told me they've been eating the all the tariffs on raw steel themselves. If I understood the explanation correctly, It's because parts travel back and forth across the border so often, they'd probably just end up buying the same steel back (now a part) at a higher, post-tariff price later. From their perspective it's cheaper to sell the steel at a loss to their US part manufacturer, with the US government stealing its value. Otherwise, cars would be more expensive on both sides of the border.