USMCA’s Impact on Auto Dealerships

October 2018

The automotive industry in Canada took a collective sigh of relief on September 30, 2018 when a free trade agreement was reached with the United States and Mexico, effectively nullifying President Trump’s widely threatened 25% tariff on automobiles.

In the lead up to the U.S. imposed deadline, auto dealer principals across the country raised their collective voices through the Canadian Automobile Dealers Association and joined the Canadian Chamber of Commerce’s Coalition to Keep Trade Free. Together they cited the devastating effects such tariffs would have on dealers, who currently employ more workers than vehicle, truck, and parts manufacturing.