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Canada is implementing 25% tariffs on all vehicles and non-Canadian vehicle content imported from the U.S. that are not compliant with the CUSMA (USMCA) trade pact.
From Yahoo
Canada will impose a 25% tariff on all vehicles imported from the United States that are not compliant with the U.S.-Mexico-Canada trade deal.
From Reuters
Revenue generated from the Canada tariffs will be used to support Canadian auto workers and the domestic industry, which was already feeling the negative effects of Trump's economic measures.
From UPI
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President Donald Trump’s “Liberation Day” tariffs will likely hurt US regional and Canadian banks, while Chinese banks’ exposure seems limited. Trade spats could also have negative implications for a lending rebound that many US regional banks were anticipating in 2025.
Canada responded to Trump's tariffs and announced 25% tariffs on all U.S. vehicles that are not compliant with the United States-Mexico-Canada Agreement.
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Bankrate on MSNTrump tariffs latest updates: China hits back with 34% tariffs, stock market in free fall as recession risks riseChina threatened to retaliate with its own tariffs. Stocks fell across multiple indexes by the most in five years. Economists upped their bets that the U.S. economy may soon face a recession, and the Federal Reserve chair said the U.
Canada is aiming to put maximum pressure on US President Donald Trump in response to his barrage of tariffs, Foreign Minister Melanie Joly said, adding that it intends to pivot to Europe and Asia to find new markets.
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In a shot at Trump's ally Elon Musk, Canada's Yukon territory plans to cancel non-essential Starlink accounts, stop rebates for Tesla vehicles, and shift away from X.
Federal party leaders and candidates in the upcoming election say they are committed to getting Canada to meet NATO's current defence spending target of two per cent of GDP.
The Senate vote came after Trump implemented 10% across-the-board tariffs on imports and additional reciprocal tariffs on goods from 60 countries.
As President Trump pushes his massive global tariffs into effect, America’s former trading partners are designing their own, retaliatory tariffs, that are sure to have a walloping effect on Americans’ pocketbooks.