US President Donald Trump said he will raise tariffs to 50% on all cars and trucks imported from Canada amid a trade fight between the two countries. This was reported by Qazaqyia.kz citing Reuters.
The statement was made amid escalating trade disagreements between the two nations. Currently, there are several issues in US-Canada trade relations, including tariffs and import restrictions.
This move by the president could significantly impact the North American automotive industry, as Canada is a major exporter of cars and trucks to the US. Experts suggest that such tariffs could further intensify the trade war between the two countries.
According to Reuters, Trump's statement has drawn criticism from the Canadian government. Canadian officials consider these actions unjustified and are considering retaliatory measures.
The news has caused concern in the North American automotive market, as many car manufacturers export their products through Canada. If tariffs are imposed, it could lead to higher car prices and reduced market competition.
Negotiations between the White House and the Canadian government are ongoing, but the parties have yet to find common ground. Trump's statement is seen as a pressure tactic aimed at resolving the trade dispute.