Canada should brace for a diminished role in North American trade, particularly in auto manufacturing, U.S. Commerce Secretary Howard Lutnick told Canadian officials and business leaders during a high-level closed-doors summit in Toronto this Wednesday.
Speaking virtually at the Canada-U.S. summit hosted by the Eurasia Group and BMO, Lutnick said that the United States under Donald Trump are committed to consolidating car assembly within its own borders, and Canada would come “second.”
Ontario Premier Doug Ford is warning that Canada faces a “massive threat” to its manufacturing base after Lutnick declarations.