Canada places counter-tariffs on all US vehicles after ‘Liberation Day’

Canada places counter-tariffs on all US vehicles after ‘Liberation Day’


Canadian Prime Minister Mark Carney placed counter-tariffs on U.S. vehicles that are not compliant with the United States-Mexico-Canada Agreement in response to President Donald Trump’s tariffs.

On Feb. 1, Trump announced 25% tariffs on most Canadian imports with exemptions for goods that fall under the USMCA. Those tariffs went into effect on March 4. The president’s separate 25% tariffs on foreign automobiles will likely have a severe impact on the U.S.’s northern neighbor.

Carney responded to those tariffs Thursday with retaliatory 25% levies on all U.S. vehicles not compliant with the USMCA agreement, which was negotiated during Trump’s first presidential term. Unlike Trump’s tariffs, Canada’s reciprocal tariffs will not target auto parts “because we know the benefits of our integrated production system,” the prime minister explained. 

Trending: Pastor Who Tried to Murder Family Breaks Down in Court – Reads Entirety of Psalm 51

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!