Canada’s 25% auto tariffs on U.S.-made vehicles and some parts took effect Wednesday, according to CNBC. Canadian officials excluded individual parts to avoid disrupting the North American auto supply chain and included a remission process to provide relief to companies. Prime Minister Mark Carney said the levies are “calibrated and targeted.” Canada also filed a WTO dispute over the legality of Trump’s tariffs, calling them “unjustified” and “misguided.” The U.S. and Canada have maintained a tariff-free automotive trade relationship since the 1965 Auto Pact agreement.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Canada's 25% auto tariffs on U.S.-made vehicles in some parts took effect Wednesday, according to CNBC.
00:08Canadian officials excluded individual parts to avoid disrupting the North American auto supply chain
00:13and included an remission process to provide relief to companies.
00:17Prime Minister Mark Carney said the levies are calibrated and targeted.
00:21Canada also filed a WTO dispute over the legality of Trump's tariffs, calling them unjustified and misguided.
00:27The U.S. and Canada have maintained a tariff-free automotive trade relationship since the 1965 Auto Pact agreement.
00:34For all things money, visit Benzinga.com slash GSTV.