Those jobs don’t dry up over night , regardless of what the tariffs do it’ll take years to retool the auto sector. Most likely the auto industry isn’t going to do anything but make hollow promises for the next 18 months to the U.S. administration and wait for the mid terms.
Food staffs your importing most likely the the supply isn’t being met domestically or you wouldn’t be importing them anyway. Same with potash 100% of the tariff can be passed on to the consumer you can’t meet your needs domestically anyway tariff as much as you want you just drive the the price of produce higher.
I think many of them do....
Lets take copper for example..
The US mines copper.. but its needs are far greater than it can produce on its own... So it imports about $35M a year in copper ore from Canada and another $1.2B in refined copper from Canada..
But.. Canada is NOT one of the largest producers of copper in the world.. Chile exports about $24B a year.. Peru, $20B... Indonesia $8B.. Australia $5B.. Zambia $6.9B..
Guess who has almost NO tariffs in place on US goods?
CHILE.. in 2004 the US and Chile signed a free trade agreement that eliminated almost 95% of tariffs on all goods imported into either country..
So how hard is it to replace Canadian copper tomorrow with Chilean (or other countries) copper once Canadian copper becomes 25% more expensive overnight?
The same is true with most other major minerals to one degree or another..
Lets look at aluminum.. Canada produces a LOT of aluminum.. it exports about $12.5B a year.. much of that to the US..
The US imports that aluminum for a couple of reasons.. canada has lower energy costs, which makes the smelting process cheaper.. and the US shifted a lot of its resources many years ago to recycled and scrap capacity.. so its become reliant on Canada to a certain degree to meet its needs..
HOWEVER..
The US actually produces substantially more aluminum that it needs, and exports more aluminum globally than Canada does (we sell about $13.1B in aluminum abroad).. because tariffs that other countries have placed on each other around the world make US aluminum very attractive in certain markets..
So.. when Canadian aluminum becomes 25% more expensive tomorrow (losing that competitive advantage obtained through lower energy costs and cheaper prices than US made aluminum yesterday).. how does the US respond?
It simply uses its own aluminum (which is a greater quantity than Canada produces) and slows its global exports...
Its certainly not going to pay more for Canadian aluminum when American aluminum is now less expensive..