Canada announces 25 percent tariff on non-USMCA compliant US auto imports

Canadian Prime Minister Mark Carney announced on Thursday his country will impose 25-percent tariffs on U.S. auto imports that do not comply with the U.S.-Mexico-Canada Agreement (USMCA) on free trade. Carney said the tariffs are a direct response to President Trump’s 25-percent auto tariffs, which took effect Thursday. “As I told President Trump during our...

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