U.S. tariffs would drive P.E.I. car prices up and supplies down, say auto sellers [Video]

Canada’s automotive industry was given a month-long reprieve from U.S. President Donald Trump’s tariffs on Wednesday afternoon, but some Prince Edward Islanders say they’re concerned about what could happen if the levies return in 30 days’ time. 

At Centennial Nissan in Charlottetown, Trevor Leeco said he’s watching on a day-to-day basis to see what will happen next. 

“If this does happen, plants’ closures would be imminent, price and inventory issues would arise probably in the next month or so,” said Leeco, the general manager of the dealership. 

That could spell trouble for the automotive industry overall, with prices going up and inventory levels going down, Leeco said. 

“It might not be great for customers or businesses alike if this does happen.” 

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