Trump threatens higher tariffs on Canadian car imports, escalating trade tensions
- warned that the existing 25% tariff on Canadian car imports could be raised
- pushing his interest to bolster U.S. auto production and reduce dependence on foreign-made vehicles
- “We don’t want your cars … we want to make our own”
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Canada is a major auto exporter to the U.S., with highly integrated supply chains under the USMCA trade pact.
A tariff increase would likely spark sharp Canadian retaliation and potential legal challenges under USMCA rules.
This article was written by Eamonn Sheridan at www.forexlive.com.