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Finance

Canada announces retaliatory tariff on US autos

Canada has announced a retaliatory 25% tariff on American-made vehicles and auto parts, effective immediately, in response to similar tariffs implemented by US president Donald Trump.

This week the US imposed a 25% tariff on all imported vehicles and parts, aiming to incentivize domestic manufacturing.

Canadian prime minister Mark Carney announced matching tariffs on Thursday.

He described Trump’s tariffs as a "direct assault" on Canadian workers, families, and businesses, highlighting that his government would respond "with purpose and with force" to safeguard Canadian jobs and industries.

Carney also expressed pride in Canadians for standing up against the tariffs, stating: "When we are united, we are Canada strong."

He said the country would maintain retaliatory measures until Canada is treated with respect by the US.

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