Prime Minister Mark Carney announced “25 percent tariffs on all vehicles imported from the United States that are not compliant with CUSMA,“ using the Canadian acronym for an existing North American free trade agreement.
The Canadian tariffs will impact cars and light trucks that are made with less than 75 percent North American parts -- roughly 10 percent of all vehicles shipped from the United States to Canada, or about 67,000 vehicles annually.
But Canada, which is one of America's largest trading partners, is still facing tariffs on steel, aluminum and other products, in addition to the levies on automobiles.
“The system of global trade anchored in the United States that Canada has relied on since the end of the Second World War... is over,“ Carney said.
Ottawa has previously imposed retaliatory tariffs on Can$30 billion worth of US consumer goods and nearly Can$30 billion of US steel and aluminum imports into Canada.
Carney and Trump spoke by phone last week. They agreed Washington and Ottawa should negotiate the future of bilateral trade after Canada's April 28 election.
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