Jump to content

Canada confirms plans to implement retaliatory 25% auto tariffs


Recommended Posts

Posted

Canada reconfirmed plans to implement 25% retaliatory tariffs on U.S.-made vehicles into Canada, saying the new levies will go into effect at 12:01 a.m. ET Wednesday.

The response includes 25% tariffs on vehicles from the U.S. that are not compliant with the United States-Mexico-Canada Agreement, or USMCA, as well as non-Canadian and non-Mexican content of USMCA-compliant fully assembled vehicles imported into Canada from the U.S.

The latter part means that even if a vehicle made by General Motors, Ford Motor or Stellantis in the U.S. is compliant with USMCA, the parts that aren’t from Canada and Mexico will be taxed.

The traditional “Detroit automakers” are among the top-selling car companies in Canada, but the country’s overall market is far smaller than the U.S., at roughly 2 million light-duty vehicles in Canada compared with 16 million or so in the U.S.

Canadian officials said “a remission framework for auto producers that incentivizes production and investment in Canada, and helps maintain jobs in the country, will also be implemented.”

Canada’s retaliatory tariffs also do not include auto parts, which Trump expects to implement on non-U.S. components by May 3.

 — Michael Wayland

Posted

already stellantis closed its plant anta. 

Posted

memu BYD cars techukuntam em problem lee 

Posted
3 hours ago, kevinUsa said:

memu BYD cars techukuntam em problem lee 

Go back to dog sleds...it's ecofriendly...suits your climate too

coolhunters-tv3.gif

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...