More on Trump threatening higher tariffs on Canadian car imports

Trump threatens higher tariffs on Canadian car imports, escalating trade tensions

• warned that the existing 25% tariff on Canadian car imports could be raised
• pushing his interest to bolster U.S. auto production and reduce dependence on foreign-made vehicles
• “We don’t want your cars … we want to make our own”

**

Canada is a major auto exporter to the U.S., with highly integrated supply chains under the USMCA trade pact.

A tariff increase would likely spark sharp Canadian retaliation and potential legal challenges under USMCA rules.

This article was written by Eamonn Sheridan at www.forexlive.com.