Canada Imported More Vehicles From Mexico than the US in June

Canada imported more vehicles from Mexico than the US in June

For the first time in more than 30 years, Canada in June imported more vehicles from Mexico than the United States, according to data from Statistics Canada. First reported by Bloomberg, data from Statistics Canada — the country’s national statistical agency — shows that Canadian importers spent CAD $1.08 billion (US $779 million) on passenger vehicles from Mexico in June, exceeding the CAD $950 million (US $685.3 million) outlay on vehicles fro…

Canada imported more vehicles from Mexico than from U.S. in June

The last time that happened was in the early 1990s, a demonstration of how dramatically new U.S. tariffs are reshaping the market