In The News — Auto Industry

The latest U.S. auto tariffs, imposed by President Donald Trump, will introduce a 25% duty on Canadian-made cars and auto parts starting April 2, 2025. This tariff applies to all passenger vehicles, light trucks, and crucial auto components such as engines, transmissions, and electronic systems. The move is aimed at boosting domestic manufacturing, but critics argue it will disrupt North American supply chains, increase costs for consumers, and pressure Canadian automakers. With potential retaliatory measures from Canada on the horizon, the impact on cross-border trade could be significant.