Canada Plans US Tariffs After Trump Auto Threats
Canadian trade minister Dominic LeBlanc announced plans to unveil retaliatory tariffs against the United States. The move follows President Trump threatening to raise auto tariffs to 50 percent.
Canada could announce retaliatory tariffs on the United States on Tuesday after trade negotiations collapsed over vehicle exemptions. The standoff follows a threat by President Donald Trump to raise tariffs on all automotive imports from Canada to 50%. The escalation threatens integrated cross-border supply chains and raises cost pressures for North American automakers.
