Canada slaps matching 25% tariff on U.S.-made vehicles in latest response to Trump's trade war [View all]

Source: cbc.ca

Canada is retaliating against Trump’s trade policy with a 25 per cent tariff on vehicles imported from the U.S. that are not compliant with the Canada-U.S.-Mexico Agreement (CUSMA).Prime Minister Mark Carney is announcing the move during a press conference in Ottawa this morning.

The government will also impose the tariff on non-Canadian content of any CUSMA-compliant vehicles from the U.S., Carney said. Mexico won’t be impacted.

“Our tariffs will not affect auto parts because we know the benefits of our integrated production system,” he said, adding that the government is developing “a framework” for automakers to avoid counter-tariffs as long as they maintain production and investment in Canada.

Canada will take countermeasures intended to have “maximum impact in the United States and minimum impact here in Canada,” Prime Minister Mark Carney says.Speaking in Ottawa, Carney cautioned the road ahead will be difficult as Canada navigates the trade war.

Read more: https://www.cbc.ca/news/politics/livestory/canada-slaps-matching-25-tariff-on-u-s-made-vehicles-in-latest-response-to-trumps-trade-war-9.6709935