Canada’s Prime Minister Mark Carney announced on Thursday that Canada will match the U.S. 25% tariff on vehicles that are not compliant with the North American free trade deal (CUSMA).<\/p>\n
The American 25% tariffs on all foreign-made automobiles took effect as of midnight Wednesday, even though the U.S. administration has yet to “establish a process” to tax exclusively the non-American vehicle components of CUSMA-compliant products.<\/p>\n
On Thursday, Carney announced Canada will respond with 25% tariffs on all non-CUSMA-compliant vehicles imported from the U.S., and all non-Canadian content of CUSMA-compliant vehicles from the United States.<\/p>\n
Carney said Canada’s levies will not apply to auto parts, nor will they apply to vehicles from Mexico. The federal government is also working with car manufacturers to develop a framework to avoid the tariffs under certain conditions.<\/p>\n
Final details should soon be published by the Canadian Government.<\/p>\n","protected":false},"excerpt":{"rendered":"
Canada’s Prime Minister Mark Carney announced on Thursday that Canada will match the U.S. 25% tariff on vehicles that are not compliant with the North American free trade deal (CUSMA).<\/p>\n","protected":false},"author":15,"featured_media":12295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[68,1693],"types-de-nouvelles":[],"class_list":["post-12297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-custom-brokerage","tag-cusma-en","tag-mark-carney-en"],"yoast_head":"\n