Trump to raise tariffs on Canadian vehicles and parts to 50% starting January
- 1President Trump announced that tariffs on Canadian-made vehicles and parts will be raised to 50% starting January 1 of next year.
- 2The current auto tariff is 25% and applies only to non-U.S. content, while imported steel is already at 50%.
- 3The threat comes after Friday's negotiations collapsed, and if implemented, it is expected to significantly disrupt the decades-long integrated auto supply chain between the two countries.
This 3-line summary is compiled from the report below.
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