US Auto Sector Needs Trade Deal to Compete, Carney Says (1)

Canadian Prime Minister Mark Carney pushed back against US President Donald Trump’s protectionism in the auto industry, saying North America’s interwoven supply chain makes US manufacturers more competitive on costs.

Carney, fresh from a trip to meet with Trump in Washington, told a crowd of business executives on Wednesday evening that the US-Mexico-Canada Agreement strengthens the US industry.

“For America to be fully competitive, to be globally competitive in autos, you need USMCA,” the prime minister said at a conference sponsored by Bank of Montreal. He added that “not everyone shares that view at this time, and so ...