- President Trump invoked the rarely used Smoot-Hawley law (Section 338) to impose new retaliatory tariffs on Canada over autos.
- Officials claim U.S. auto exports to Canada fell, but trade data and steady auto‑parts imports suggest little clear harm to the U.S. auto industry—consumer affordability and people keeping cars longer may explain the dip.
- The tariffs are a tit‑for‑tat that risks a damaging tariff war with no clear winner—most likely losers are consumers and both economies.
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