Canada announces 25% tariffs on U.S. auto imports in retaliation for Trump’s move | World News
After U.S. President Donald Trump announced reciprocity tariffs, Canadian Prime Minister Mark Carney said the country would impose a 25% tariff on all U.S. auto imports that do not comply with the free trade agreement.
The Canadian Prime Minister further stated that the revenue generated by these tariffs will be used to support the country’s auto workers and industries.
“In response to President Trump’s tariffs on our automotive industry, Canada will impose a 25% tariff on all U.S. auto imports that do not comply with our free trade agreements. All revenue from these tariffs will be used to support our Canadian auto workers and their industries.”
“For U.S. vehicles compliant with the Canadian Country-Mexico Agreement (CUSMA), Canada will also impose a 25% tariff on content that is not from Canada or Mexico. The revenue from these tariffs will also be directed to support Canadian auto workers and their industries.”
Carney further stated that Canada’s tariffs would be different from those imposed by the United States and said that tariffs with President Trump would not affect auto parts.
“Unlike President Trump, our tariffs do not affect auto parts because we know the benefits of supply chains. Canada will also develop support frameworks for automakers to inspire Canadian production and investment,” Carney wrote on X.
After announcing mutual tariffs, Cami called U.S. tariffs, especially on cars, “unjust” and pointed out that “the global economy is fundamentally different from yesterday.”
“The global economy today is fundamentally different from today. We must respond purposefully and take every step to protect Canadian workers and businesses from unjust U.S. tariffs on cars, including cars. We will never stop defending Canadians’ interests to safeguard our workers and businesses and continue our efforts to build a strong Carney Carney in the G7.
It is worth noting that on March 4, the U.S. tariffs on Canadian goods were 25%, and 10% of energy and potassium salt exports from Canada to the United States came into effect. On March 12, the United States imposed a 25% tariff on Canadian steel and aluminum products.
On April 3, the U.S. tariffs on Canadian cars came into effect, targeting the automotive industry and the 500,000 Canadians supported by the industry across the country.
The United States also intends to impose a 25% tariff on certain auto parts by May 3.
In amid global criticism, Trump declared a national economic emergency and declared tariffs in all countries at least 10%, with interest rates even higher in 60 countries.
The tariff plan imposes high levies on many countries, including 26% in India, 49% in Cambodia, 46% in Vietnam, 34% in China, 24% in Japan, and 20% in the EU, US media reported that more than 180 countries and regions will face tariffs.
CNN reported on Thursday that U.S. stocks traded after get off work when President Donald Trump spoke at Rose Garden and announced the massive tariffs announced. Now everyone’s eyes will be focused on the Asia index.
