2 days ago
Carney Meets With Automakers as Canada's Factories Show Tariff Strain
Canadian Prime Minister Mark Carney is meeting with automotive executives Wednesday to discuss how to help auto plants that have been choked by US tariffs.
Canada exports most of the vehicles it produces to the US, but President Donald Trump has repeatedly said he'll use tariffs to try to redirect production to the US. The White House placed a 25% levy on imports of vehicles from foreign countries in early April, though there's a provision that lowers the tariff rate for cars and trucks made in Mexico and Canada that use US components.
