The reason why he’s contemplating it, and with the implementation of the corporate tax cuts, is to start the process of these companies to start moving back, at least some of them. It’s going to take time.With the cost of tariffs passed on to the American consumer? Of course we are.
Right now your feckless leader is contemplating a large tariff on what he's calling Canadian Automobiles. What he's not aware of is that the auto industry is so heavily integrated that all he'll do with that is drive the price of vehicles to the US consumer 20-30%. Canadians sell US and Mexican based parts manufacturers steel and aluminium, the US is making the components that are later assembled in Mexican and Canadian finishing plants. You tell me where the burden is going to fall when he imposes the tariffs on finished cars? Or, you can keep with the current arrangement and be able to afford your cars and trucks.
There’s many reasons why those companies are there in the first place. Much of it has to do with the NAFTA loophole.