Canada Announces 25% Tariffs on Select US-Made Cars
Canada has officially announced 25% tariffs on some US-made vehicles that will go into effect on April 9, the federal finance ministry said Tuesday. “These countermeasures will remain in place until the U.S. eliminates its tariffs against the Canadian auto sector,” it said in a statement. JUST IN: Canada announces 25% tariffs on some US-made cars. — Watcher.Guru (@WatcherGuru) April 8, 2025 Canadian Prime Minister Mark Carney said that the tariff collected would be redirected towards the country’s auto industry and the workers. The new tariff will affect fully-built vehicles that will enter Canada from the US. Automobiles and automotive spares account for a large portion of Canadian total value, apart from oil and gas. Additionally, Canada is the largest importer of vehicles from the US, and Canadian auto companies send over 90 percent of their goods to the US. Announcing on X, the Canadian Prime Minister said, “Our tariffs, unlike President Trump’s, will not affect auto pa...