Sault Mayor Pushes for Steel Tariff Cuts Below 25%
The deal would cut auto tariffs to 15% and steel and aluminum tariffs to 25%, averting new levies on $20 billion in Canadian imports.
- Officials from Canada and Washington neared a deal to reduce tariffs on auto and steel imports, aiming to avert looming levies on about $20 billion in Canadian goods before Saturday's deadline.
- President Donald Trump agreed Tuesday to pause threatened 50% tariffs on Canadian imports for three days, providing negotiators a window to resolve the dispute before the deadline takes effect.
- According to Reuters, the emerging deal reduces auto import tariffs to 15% and steel and aluminum levies to 25%, with auto tariffs potentially dropping further based on American-sourced content volume.
- Mexico, led by President Claudia Sheinbaum, faces increasing pressure to secure similar tariff concessions from the White House after Canada's breakthrough in automotive and metals negotiations.
- Prime Minister Mark Carney said the two countries had made "substantial progress," though a final agreement had not been completed as trade negotiations could influence the broader USMCA review.
20 Articles
20 Articles
The Toronto Star
Why a 15% U.S. tariff on Canadian-made cars would still be an existential threat to our auto sector
While the U.S. may cut auto tariffs to 15%, analysts warn the levy on Canadian-made vehicles could still be enough to force automakers to flee the country.
Trump Eyes 15% Tariff on Canadian Autos in High-Stakes Deal to Avert Industry Shutdowns
President Donald Trump’s administration is closing in on a compromise that would slash tariffs on Canadian-built vehicles to 15% from 25%. The move forms part of frantic last-minute talks aimed at heading off far steeper duties across a range of goods. But the details still hang in the balance. And the clock is ticking. Negotiators from both sides have spent days haggling over exactly how much North American content would count toward lowering t…
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 that Bloomberg consulted. Last year the White House imposed a 25 percent tariff on cars and trucks manufactured abroad. For vehicles produced in Canada and …
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