In response to U.S. tariffs on Canadian and Mexican imports, Canada has implemented a substantial tariff package targeting the U.S. auto market, specifically electric vehicles (EVs). A 25% import duty is now set for nearly 30 U.S.-made EVs. This move is part of a broader strategy to protect Canadian interests across various sectors, including steel, agriculture, and automotive. The tensions escalate a trade dispute, prompting both consumers and automakers to adapt to a rapidly changing market as Canada seeks to defend its economy against U.S. policies.
These countermeasures have one goal: to protect and defend Canada's interests, consumers, workers, and businesses.
The tariffs...have become fuel for Canadian Prime Minister Justin Trudeau, who announced 'far-reaching' retaliatory tariffs against the U.S. following Trump's move.
The North American electric vehicle market is in trouble...as Canada turns up the heat with a $155 billion tariff package.
Automakers are scrambling to learn how to play tariff chess for the billions of dollars of vehicles and auto parts crossing the border every single week.
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