Retaliatory Canadian tariffs
on U.S. auto imports will go into impact Wednesday at 12:01 a.m. ET, Ottawa has introduced.
The measures slap a 25 per cent levy on all non-
CUSMA
compliant autos imported into Canada from the U.S., plus 25 per cent on the U.S.-made content material of CUSMA-compliant autos.
Prime Minister
Mark Carney
had introduced the measures on April 3, the identical day 25 per cent U.S. tariffs on Canadian autos got here into impact and a day after U.S. President
Donald Trump
imposed sweeping “reciprocal” tariffs on America’s buying and selling companions.
The Canadian measures is not going to hit the Canadian and Mexican made parts of accomplished autos, nor will they have an effect on auto components. A separate U.S. measure concentrating on Canadian auto components is due to enter impact on Might 3.
“Canada continues to reply forcefully to all unwarranted and unreasonable tariffs imposed by the U.S. on Canadian merchandise,” Finance Minister
François-Philippe Champagne
mentioned in a media launch Tuesday.
“The federal government is firmly dedicated to getting these U.S. tariffs eliminated as quickly as potential, and can defend Canada’s staff, companies, financial system and trade.”
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Particulars of a remission framework to direct proceeds of the tariffs to help the auto trade and affected employee can be forthcoming, the Division of Finance assertion mentioned.
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