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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Sinar Daily on MSNCanada slaps tariffs on some cars from US as Mexico eyes workaroundOttawa will impose a 25 per cent import fee on all cars not produced under the North American Trade Pact USMCA.
US President Donald Trump announced a 26% “discounted reciprocal tariff” on Indian imports, citing India's high duties on US goods. He noted that India imposes a 56% tariff on American products, prompting the US to counter with a 26% levy.
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The Manila Times on MSNCanada imposing 25% tariff on some US auto importsCanada said it would impose a 25 percent tariff on tens of thousands of vehicles imported from the United States, retaliating against US President Donald Trump's levies that came into effect on Thursday.
Just hours after President Donald Trump announced massive new tariffs on nearly all imports to the United States, a bipartisan group of senators made the
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Canadian PM Mark Carney announced a 25% tariff on US vehicle imports that do not comply with the free trade agreement, with revenue supporting the auto industry. Also, a 25% tariff will apply to non-Canadian or Mexican content in compliant vehicles,
For decades, global commerce abided by tariff rates agreed to by the U.S. and 122 other countries during the 1980s and 1990s. On Wednesday, Trump detonated that arrangement, saying that other countries had exploited the system and “ripped off’’ the United States for years, causing its once-mighty manufacturing base to shrink.
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Agence France-Presse on MSNStellantis pausing some Canada, Mexico production over Trump auto tariffsAuto giant Stellantis said Thursday it was pausing production at some plants in Canada and Mexico, a major disruption for the sector on the day US President Donald Trump's auto tariffs came into force.
World leaders were still processing Trump’s complex new tariff regime Thursday and few were prepared to unveil specific trade retaliation. But a number of them promised it was coming, raising the specter of an escalating tit-for-tat trade war that could devastate the global economy.