US EditionUK exports to the U.S. plunge by most on record as tariffs bite
CANADA, JUN 05 – Canadian automakers cut production and delayed projects as U.S. tariffs caused a 23% drop in vehicle exports in April, Statistics Canada reported significant manufacturing declines.
- On Wednesday, Canada's exports to the U.S. fell nearly a third in April, with auto exports dropping 23%, marking the largest monthly decline since 1997.
- Since March, U.S. tariffs targeted steel, aluminum, and autos, making April the first full month of duties that sharply impacted Canada's automotive exports and manufacturing.
- Statistics Canada reported a 17% decline in auto shipments to the U.S. in April, with Kingston citing a '25% tariff' making vehicle production challenging.
- U.S. automakers GM and Stellantis announced layoffs and shutdowns, while Ontario carmakers slashed production and laid off workers amid tariff impacts.
- Canada’s record export decline and auto sector hit underscore the urgent need for U.S. tariff removal to restore North American production.
48 Articles
48 Articles
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