US EditionU.S. tariff impacts and expectations on Canada’s auto sector
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.3 Articles
3 Articles
In case you missed the headline, imports of vehicles and automotive parts into Canada fell to their lowest level in more than two years, a direct effect of the reciprocal tariffs announced by Ottawa in response to those imposed by Washington at the beginning of the year ...
The U.S. government is preparing to apply a new wave of tariffs to imports, which will begin to apply on August 1, 2025.The main changes include higher reciprocal tariffs, a 50% tax on all copper imports, and new rates of 35% and 30% for products from Canada and Mexico, respectively.Fitch Ratings estimates that this week updated its Effective Tariff Rate Monitor (ETR), these measures will cause the U.S. ETR to skyrocket to 19.4%, compared to the…
U.S. tariff impacts and expectations on Canada’s auto sector
The Canadian automotive industry faces even greater uncertainty in the Canada-U.S. trade conflict with the threat of a new 35 per cent tariff (what may be non-CUSMA) on Canadian goods starting August 1. DesRosiers Automotive Consultants said industries have been left guessing as to the pace and effects of these threats, while also attempting to develop a strategy even as the rules appear to be constantly changing. “The automotive industry, a ke…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
To view factuality data please Upgrade to Premium
