Canadian Prime Minister Announces 25% Tariff on American Cars
Canadian Prime Minister Carrie announced to the press that the Canadian government will impose a 25% tariff on all cars imported from the United States that do not comply with the US-Mexico-Canada Agreement.
Carrie said, "Today, I announce that the Canadian government will respond to these 'American tariffs' in the same way as the United States, imposing a 25% tariff on all cars imported from the United States that do not comply with the US-Mexico-Canada Agreement." He pointed out that Canada's retaliatory measures will not affect parts supplies from the United States or car supplies from Mexico.
Carrie stated that Ottawa plans to use the revenue generated by the new tariffs, up to 8 billion Canadian dollars "approximately 5.6 billion US dollars," to support the Canadian auto industry.
Carrie noted that these measures will remain in effect until the United States lifts its tariffs on Canadian cars. He added that if Washington decides to impose new tariffs on Canada, Ottawa will respond immediately.
US President Donald Trump announced on the 2nd that the United States will impose a "benchmark tariff" of 10% on all countries and higher "reciprocal tariffs" on individual countries with the largest trade deficits with the United States. In addition, the US government began imposing a 25% tariff on all imported cars starting April 3rd.
Source: sputniknews
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