From Global News.

Canada is imposing counter-tariffs that will match U.S. President Donald Trump’s tariffs on vehicles while trying to incentivize automakers to stay put and promising more aid for auto workers, Prime Minister Mark Carney said Thursday.

Carney said Canada will respond by matching the U.S. approach, with 25 per cent tariffs on all vehicles imported from the United States that are not compliant with the CUSMA free trade agreement, and on the non-Canadian content of CUSM-compliant vehicles from the United States. The tariffs will not affect car parts or vehicle content from Mexico complying with CUSMA.

“We must respond with both purpose and force. We are a free, sovereign, and ambitious country. We are masters in our own home,” he said.

A new round of U.S. tariffs hitting Canada’s auto sector is now in effect as Trump escalates his global trade war that has rattled markets and threatened industries across the world.

For more info, please go to https://globalnews.ca/news/11113522/donald-trump-auto-tariffs-canada-april-3/
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