Not one to back down from business negotiations, Trump warned that the trade war could continue for some time. Sunday morning, he spoke about the possibility of increasing tariffs on Canadian-made vehicles and auto parts. He specifically pointed to cars as his next target.
The End Goal?
Many view Trump’s increased tariffs as a way to rock the boat and force Mexico and Canada to sign a more favorable NAFTA agreement. Perhaps Trump will offer to lower the tariffs in exchange for better trade terms with the two countries.
The goal of a revised NAFTA agreement is to boost American manufacturing. The President aims to win businesses back to the states after they relocated production to Mexico.
