Canadian vehicles made with a majority of U.S. parts would get tariff exemption, Ontario Premier says he was told #Canada #CDN #OntNews #CDNNews

Buyer interest grows in made-in-Canada vehicles

In the wake of U.S. President Donald Trump imposing punishing new tariffs on Canada’s auto imports, which threatens to destabilize Canada’s auto manufacturing sector, there’s growing interest among Canadian buyers in learning more about which cars are actually made and assembled in Canada.  Earlier this week, Prime Minister Mark Carney unveiled a $2 billion plan to protect Canada’s auto workers that included shifting procurement of government ve…

US President Trump signed an executive order on Wednesday, announcing that a 25% tariff will be imposed on all imported cars starting next week, which has attracted attention from Canada and other countries. However, Ontario Premier Ford revealed that US Commerce Secretary Howard Lutnick said that if more than 50% of the parts of a Canadian-made car come from the United States, the car model can be exempted from this high tariff.

Canadian vehicles made with a majority of U.S. parts would get tariff exemption, Ontario Premier says he was told #Canada #CDN #OntNews #CDNNews

Ontario Premier Doug Ford says U.S. Commerce Secretary Howard Lutnick told him that finished vehicles entering the United States from Canada containing more than 50 per cent U.S.-made parts – which would include much of this country’s automotive exports – would be exempt from U.S. tariffs. The Premier said he spoke with Mr. Lutnick late Wednesday night for about 25 minutes, hours after President Donald Trump issued executive orders slapping a 25…