North American auto production and dealer inventory shouldn’t be affected by the mutually agreed upon decision by Canada and the United States to close its border, say industry stakeholders.
Prime Minister Justin Trudeau and President Donald Trump agreed Wednesday morning to close the border to non-essential traffic in both directions.
Trump first posted the news on Twitter just after stock markets opened.
“We will be, by mutual consent, temporarily closing our Northern Border with Canada to non-essential traffic. Trade will not be affected. Details to follow!” Trump tweeted, the morning after CNN first reported a closure was coming.
Trudeau then confirmed the news at a news conference in Ottawa.
“Travelers will no longer be permitted to cross the border for recreation and tourism,” Trudeau said.
The prime minister said it was “critical to maintain supply chains” that link the two countries.
Neither leader made it clear when the restrictions would go into…