Canada slaps matching 25% tariff on U.S.-made vehicles in latest response to Trump’s trade war

Canada to slap 25% tariff connected vehicles from U.S.

Canada is retaliating against Trump’s commercialized argumentation with a 25 per cent tariff connected vehicles imported from the U.S. that are not compliant with the Canada-U.S.-Mexico Agreement (CUSMA).

Prime Minister Mark Carney is announcing the determination during a property league successful Ottawa this morning.

The authorities volition besides enforce the tariff connected non-Canadian contented of immoderate CUSMA-compliant vehicles from the U.S., Carney said. Mexico won’t beryllium impacted.

“Our tariffs volition not impact car parts due to the fact that we cognize the benefits of our integrated accumulation system,” helium said, adding that the authorities is processing “a framework” for automakers to debar counter-tariffs arsenic agelong arsenic they support accumulation and concern successful Canada.

Conservatives volition region national income taxation connected Canadian autos

Poilievre says a Conservative authorities volition region the GST from Canadian-made autos, an thought archetypal enactment guardant by the NDP.

Poilievre said the determination volition summation request for Canadian cars and support much workers employed.

Curiously, helium noted successful French — but not successful English — that the GST exemption would past arsenic agelong arsenic Trump’s tariffs are successful place.

He called for the premiers to lucifer the argumentation by removing immoderate provincial income taxation connected Canadian-made cars.

“We volition basal with you,” said Poilievre. “We cognize that immoderate of these plants are temporarily unopen down oregon closed for retooling, but we volition support them eligible if and erstwhile they bash reopen, and we volition proceed to show the database of vehicles made successful Canada.”

U.S. car dealers expecting terms increases

Hello from Detroit, wherever I americium reporting unrecorded connected CBC News Network. We visited an car trader successful Dearborn, Mich., yesterday to get his instrumentality connected the tariffs and whether they volition interaction his business.

There person been varying estimates of however overmuch much costly cars volition get connected this broadside of the border, but prices are expected to sprout up by thousands of dollars.

Jim Seavitt, who has been selling Ford cars for decades, doesn't enactment Trump’s tariff policy.

"I don't judge it's a semipermanent solution, adjacent though I deliberation our president does," said Seavitt, president of Village Ford. He expects a antagonistic interaction connected his concern — eventually. The 600 cars he's got successful his inventory present aren't taxable to the tariffs. He said helium did spot higher lawsuit postulation past week, with immoderate customers looking to bargain earlier the prices get higher.

I asked his workfellow Jim Flynn if Americans volition beryllium consenting to wage much for their vehicles.

"Americans aren't consenting to instrumentality nationalist proscription oregon locomotion to work. So I deliberation yet they volition beryllium consenting to wage more," said Flynn, who added that he’s a immense instrumentality of Canadian stone icons The Tragically Hip and plays successful a set himself. His bass subordinate is from Windsor, Ont.

I asked some Jims astir the authorities of the Canada-U.S. narration close now.

"I conjecture it feels a small similar a matrimony that they're separated. I anticipation they're not divorced," said Seavitt, whose woman grew up successful Canada.

Carney speaks with German chancellor

I’m a elder shaper with the Parliamentary bureau’s integer team.

As we hold to perceive from Mark Carney, the premier curate posted connected societal media that helium and German Chancellor Olaf Scholz spoke this morning.

“We agreed to fortify the divers commercialized narration betwixt Canada and Germany,” Carney said. “As we look the situation caused by President Trump’s tariffs, reliable commercialized partners are much important than ever.”

The U.S. is Germany’s biggest trading partner. Trump slapped a 20 per cent tariff connected products from the European Union yesterday.

Scholtz said contiguous that “the full planetary system volition suffer” from the tariffs, calling them an “attack connected a trading bid that has created prosperity crossed the globe.”

Poilievre hits astatine Carney portion responding to Trump tariffs

Poilievre is successful Kingston, Ont., to marque an announcement, but archetypal addressed Trump’s tariff announcement from past night.

“Yesterday, galore Canadians watched with choler and anxiousness arsenic President Trump erstwhile again attacked our state and our jobs,” said Poilievre.

“Until yesterday, galore Canadians, including me, inactive held retired anticipation that President Trump mightiness travel to his senses and spare america from further tariffs,” helium added.

The Conservative person past took purpose astatine his Liberal opponent, suggesting that the telephone telephone betwixt Carney and Trump past week was not really arsenic productive arsenic the 2 had said it was.

“Unfortunately, Canada has not been spared. There is nary progress. And determination was thing constructive oregon productive astir Trump’s tariff announcement.”

Those were the words utilized by French President Emmanuel Macron to picture Trump’s tariffs.

Macron is gathering contiguous astatine the Élysée Palace successful Paris with representatives of French businesses affected by the sweeping tariffs that Trump announced yesterday.

He said the duties are a daze for planetary trade.

German Chancellor Olaf Scholz said the tariffs are "fundamentally wrong."

The European Union was deed with a cosmopolitan 20 per cent levy connected each imports into the U.S. starting April 5.

"The planetary system volition massively suffer. Uncertainty volition spiral and trigger the emergence of further protectionism,” said Ursula von der Leyen, European Commission President.

Poilievre expected to accidental much astir U.S. tariffs

I’m a elder newsman with CBC News covering the Conservative campaign.

Pierre Poilievre is speaking this greeting astatine Cancoil. The company, which manufactures refrigeration instrumentality connected the outskirts of Kingston, Ont., would apt beryllium affected by immoderate tariff connected Canadian manufactured goods.

We’re expecting him to accidental much astir those tariffs. Poilievre concisely addressed them past nighttime astatine a large and enthusiastic rally successful Kingston, attended by astir 4,000 supporters, describing the tariffs arsenic “another unfair onslaught connected Canadian workers.”

Low loonie? ‘Not specified a atrocious thing’

The Canadian dollar has strengthened against a weakened U.S. dollar this morning, hitting 71 cents for the archetypal clip since November.

Some perspective: erstwhile Trump started making tariff threats successful the fall, the loonie fell to 71 cents, which astatine the clip was the lowest it had gone since May 2020.

“I deliberation the stableness astatine a little level is not specified a atrocious thing,” said Derek Burleton, vice-president and lawman main economist astatine TD Bank.

A little loonie benefits exporters who vessel their products to the U.S., due to the fact that it makes Canadian products much competitively priced. And that tin offset immoderate tariff pain.

“A cheaper loonie cushions immoderate of the stroke of higher tariffs erstwhile we vessel goods,” explained Burleton.

‘We person to respond,’ Ford says

I’m a newsman who covers Ontario provincial authorities from Toronto.

Ontario Premier Doug Ford reacted to quality contiguous that automaker Stellantis volition adjacent its works successful Windsor temporarily.

“Well, successful my opinion, we person to respond,” helium said. “Let’s commune it’s lone a mates of weeks.”

The shutdown impacts astir 3,200 workers successful Canada and 900 successful the U.S., the institution told CBC News.

Ford made the comments arsenic helium was headed into a virtual gathering with the remainder of Canada’s premiers to sermon Trump’s tariff announcement. Ford is expected to talk with reporters again aft the archetypal ministers’ gathering concludes this morning.

NDP wants to bring backmost wartime Victory Bonds

Singh is successful Ottawa to denote that an NDP authorities would contented Victory Bonds — a instrumentality that was utilized to rise revenues successful Canada during some satellite wars.

All of the gross raised by the programme would beryllium utilized straight successful effect to the U.S. commercialized war, promised Singh. The authorities would connection five- and 10-year bonds that Canadians tin bargain done a payroll deduction.

A akin program, the Canada Savings Bonds, was discontinued successful 2017 due to the fact that it was nary longer outgo effective. CBC newsman Janyce McGregor pressed Singh today, asking wherefore Victory Bonds would beryllium immoderate much palmy than the Canada Savings Bonds were.

“We’re successful a precise antithetic discourse close now,” said Singh. “We are successful a benignant of warfare close present — successful a commercialized warfare — and the menace of Donald Trump has made Canadians say, ‘What tin I bash to basal up and support my country?’ So for those Canadians who privation to contribute, here’s a mode to bash so.”