Berliner Tageblatt - Canada imposing 25% tariff on some US auto imports

NYSE - LSE

NGG	-0.82%	76.48	$
BCC	-0.88%	73.57	$
RIO	1.52%	94.78	$
RYCEF	2.27%	18.47	$
BCE	-6.28%	18.78	$
RBGPF	1.17%	66.78	$
CMSD	0.02%	20.04	$
CMSC	0.25%	19.95	$
VOD	-5.91%	15.56	$
RELX	2.46%	36.13	$
GSK	-0.09%	46.5	$
JRI	1.04%	10.62	$
BTI	0.13%	55.5	$
BP	-0.24%	46.25	$
AZN	0.26%	159.2	$

Canada imposing 25% tariff on some US auto imports / Photo: © AFP

Canada imposing 25% tariff on some US auto imports

ECONOMY 03.04.2025

Canada said it would impose a 25 percent tariff on some autos imported from the United States, retaliating against President Donald Trump's levies that came into affect on Thursday.

Text size:

Prime Minister Mark Carney announced "25 percent tariffs on all vehicles imported from the United States that are not compliant with CUSMA," using the Canadian acronym for an existing North America free trade agreement.

It was not immediately clear what percentage of US vehicle imports would be impacted.

Canada was largely spared from the sweeping global tariffs Trump announced Wednesday, as Washington granted an exemption to goods compliant with the US-Canada-Mexico free trade agreement, which covers most products.

But Canada, which is America's largest trading partner, is still facing steel, aluminum and other products in addition to autos.

Carney said Trump's trade war "will rupture the global economy."

"The system of global trade anchored in the United States that Canada has relied on since the end of the Second World War... is over," Carney said.

"The 80 year period when the United States embraced the mantle of global economic leadership, forged alliances rooted in trust and mutual respect, championed the free and open exchange of goods and services is over," Carney added, calling the development "a tragedy."

Carney and Trump spoke by phone last week. They agreed Washington and Ottawa should negotiate the future of bilateral trade after Canada's April 28 election.

C.Meier--BTB

Featured

South Korea completes trial of Arctic shipping route

アレックス・ボディ、CRIFとともに透明性の高い投資と徹底した資金洗浄防止に注力

Ο ALEX BODI δίνει έμφαση, σε συνεργασία με την CRIF, στις διαφανείς επενδύσεις και στη συστηματική πρόληψη της νομιμοποίησης εσόδων από παράνομες δραστηριότητες