US President Donald Trump announced on Wednesday that the existing 25 per cent tariff on cars imported from Canada to the US could be raised further, emphasizing the administration’s commitment to bolstering domestic auto manufacturing.
Speaking from the Oval Office, President Trump stated, “When I put tariffs on Canada – they’re paying 25 per cent – but that could go up, in terms of cars,”
“All we’re doing is we’re saying, ‘We don’t want your cars, in all due respect. We want, really, to make our own cars.”
The move comes after Trump imposed a 25 per cent tariff on all automobile imports to the US, however, there is a partial exemption for vehicles produced under the Canada-US-Mexico trade agreement.
The North American auto industry is highly interconnected, with vehicles often crossing the US-Canada border multiple times during the manufacturing process. Trump has expressed a desire to limit Canada’s involvement in the US automobile sector.
Trump recently imposed a 25 per cent tariff on all automobile imports to the US, with a partial exemption for vehicles made under the Canada-US-Mexico trade agreement.
The North American auto industry is highly linked, with vehicles regularly crossing the US-Canada border several times throughout the production process. Trump has made it clear that he wants to reduce Canada’s role in the American automobile industry.
(With inputs from Reuters)
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