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Carney Capitulates: Canada Waives Retaliatory Tariffs On US-Made Cars And Trucks

politics

The first skirmish in the US-China trade war just concluded and John Carney is left licking his wounds. Canadian Prime Minister Mark Carney said his government will allow automakers to import US-manufactured cars and trucks without tariffs, as long as the companies continue to build cars in Canada, and continued with previously announced expansions. Which of course, they all will vow to do - after all, there is no downside to a promise - meaning Canada just conceded to a key Trump demands. Last week, Carney put retaliatory tariffs of as much as 25% on vehicles made in the US, effectively matching an earlier move by US President Donald Trump on foreign autos.

ZeroHedge Opinion     Apr 16, 2025