US-Canada Trade Reprieve Keeps Auto Production Lines Humming
11 Articles
11 Articles
US-Canada Trade Reprieve Keeps Auto Production Lines Humming
When the suits in Washington threatened a catastrophic 50 percent tariff on $30 billion worth of Canadian goods, auto executives on both sides of the Detroit River braced for complete gridlock. Rather surprisingly, a three-day tariff pause offered by Donald Trump has opened a high-speed lane for a tentative bilateral trade deal under the CUSMA framework. Negotiators are racing to finalize terms before the deadline as we speak. For the aut... (co…
Trump and Canada are moving towards a trade agreement that would reduce the US tariff on cars imported from the neighboring country from 25 to 15 percent.
The U.S. President’s government, Donald Trump, is preparing to cut tariffs on cars imported from Canada from 25 percent to 15 percent as part of a broader agreement that would allow the neighboring country to eliminate its trade reprisal measures, according to people familiar with the matter. Last year the White House imposed a 25 percent tariff on cars and trucks manufactured abroad. For vehicles produced in Canada and Mexico, the tax applies o…
Trump Proposes Reducing Canada Auto Tariffs to 15%
“The Trump administration is poised to reduce tariffs on automobiles imported from Canada to 15% from 25% as part of a broader deal that would see the U.S. neighbor drop retaliatory trade measures,” Bloomberg reports. CNN: Trump pauses 50% Canada tariffs, says the two sides have a “deal.”
Both companies have vehicle manufacturing centers in Canada.
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