In retaliation to US President Donald Trump's newly imposed tariffs, Canada has announced a 25 percent tariff on vehicles imported from the United States.
Prime Minister Mark Carney revealed that this levy will apply to vehicles not compliant with the US-Mexico-Canada Agreement (CUSMA), impacting approximately 67,000 vehicles annually.
The new tariffs, valued at $5.7 billion (Can$8 billion), will hit US-made cars and light trucks with less than 75 percent North American parts, a group that makes up around 10 percent of all vehicles shipped from the US to Canada. The tariffs are set to come into force in the coming days.
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While Canada largely avoided the brunt of Trump's global tariffs on Wednesday, the country is still dealing with existing levies on steel, aluminum, and various other products.
Carney slammed the trade war, saying, "Trump's actions will rupture the global economy," adding that the long-standing US leadership in global trade had ended.
Canada had previously implemented retaliatory tariffs on $60 billion worth of US goods, including consumer items and steel.
Despite the growing tensions, Carney and Trump have agreed to negotiate the future of bilateral trade following Canada's upcoming elections on April 28.
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