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":"
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