Canada PM Carney details fund to protect auto industry against Trump [Video]

Prime Minister Mark Carney on Wednesday announced support for “all-in-Canada” auto manufacturing, escalating trade protection in response to US President Donald Trump’s threat to “shut down” the northern country’s auto industry.

Carney detailed a CAN$2 billion ($1.4 billion) fund while campaigning ahead of Canada’s April 28 election in Windsor, with the US city of Detroit visible across the river behind him.

The highly-integrated North American auto industry, and specifically the free-flow of parts between Detroit and Michigan during the manufacturing process, has been a focal point in Trump’s trade war.

Gesturing to the suspension bridge that connects the cities, Carney noted that auto parts could cross the border “six times before assembly,” but warned Canada needed to prepare for a “new world.”

“It’s not about waiting for the Americans to become more reasonable. It is about acting now,” Carney said.

“What we need to do is build more of those …