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flag U.S. and Canada have balanced auto trade, but proposed tariffs could cost $50 billion and raise prices.

flag A TD report indicates balanced automotive trade between the U.S. and Canada, with both countries exchanging equal values of light vehicles and parts. flag However, proposed 25% tariffs on Canadian goods by U.S. President Donald Trump could lead to significant costs, potentially $50 billion to shift production back to the U.S., resulting in higher prices for consumers. flag Mexico's increased share in North American auto production has led to a $106 billion trade deficit with the U.S. in 2023. flag The report warns of prolonged trade uncertainty and possible disruptions in the auto sector.

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