Finance Daily News
  • Business
  • Economics
  • Markets
  • Tech
  • Retirement
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Tech
  • Retirement
No Result
View All Result
Finance Daily News
No Result
View All Result
Home Economics

Canada strikes back at U.S. car tariffs with matching levies

Orlando Newkirk by Orlando Newkirk
May 5, 2025
in Economics
Canada

Canada imposed a 25% import tax on particular U.S. vehicles as a response to identical U.S. trade restrictions. The cost of specific American automobiles and components will be passed on to Canadian consumers from Wednesday midnight. Finance Minister Francois-Philippe Champagne described the measure as a response to “unwarranted and unreasonable” U.S. tariffs which President Donald Trump implemented after his return. Trump has implemented worldwide trade taxes which target Canada and other partners to address what he defines as unfair trade imbalances.

The latest U.S. tariff wave passed Canada but the country faced existing trade disputes with Trump regarding cross-border duties. Through his X platform post Champagne announced that Canada protects its working people and commercial sector and economic framework. The government released a factsheet explaining the 25% tariff structure which targets complete U.S. vehicles that fail CUSMA standards and non-Canadian and non-Mexican parts used in U.S.-made vehicles that follow CUSMA regulations.

During his election campaign Prime Minister Mark Carney vowed to take a strong position. The border region’s residents express intense anger toward Trump because of his tariff policies and his Canada annexation comments. The global trade conflict escalated when China introduced its own retaliatory tariffs shortly after Wednesday. The Canadian government demonstrates its determination to resist the negative impact of Trump’s policies.

Tags: Canadatariffs
Previous Post

Peter Navarro crafts Trump’s tariff strategy, but Elon Musk isn’t sold.

Next Post

Germany’s Merz clinches coalition deal, ending months of deadlock.

Related Posts

Bank of England Cuts Rates, Signals More Reductions Amid Trade Deal
Economics

Bank of England Cuts Rates, Signals More Reductions Amid Trade Deal

Used Vehicle Prices Surge to Highest Since 2023 Amid Tariff Fears
Economics

Used Vehicle Prices Surge to Highest Since 2023 Amid Tariff Fears

Japan Juggles U.S. Ties, China Trade Amid Tariffs
Economics

Japan Juggles U.S. Ties, China Trade Amid Tariffs

Fed to Maintain Rates Amid Trump’s Criticism
Economics

Fed to Maintain Rates Amid Trump’s Criticism

UK-India Trade Deal Slashes Whisky, Auto Tariffs
Economics

UK-India Trade Deal Slashes Whisky, Auto Tariffs

Trump’s Trade Demands Extend Beyond Tariffs, Targeting Global Practices
Economics

Trump’s Trade Demands Extend Beyond Tariffs, Targeting Global Practices

Next Post
Merz

Germany’s Merz clinches coalition deal, ending months of deadlock.

POPULAR NEWS

  • Newsweek

    Satoshi Nakamoto, BlackRock, and TechBerry — a new investigation by Newsweek

    0 shares
    Share 0 Tweet 0
  • Affordable, stress-free travel: why the 2025 Honda Civic shines.

    0 shares
    Share 0 Tweet 0
  • Peter Navarro crafts Trump’s tariff strategy, but Elon Musk isn’t sold.

    0 shares
    Share 0 Tweet 0
  • Trump Media stock rallies on Crypto.com partnership news, while DJT shares remain stuck in a sharp decline.

    0 shares
    Share 0 Tweet 0
  • Ripple CEO announces that the SEC has abandoned its appeal in the lawsuit against the cryptocurrency firm.

    0 shares
    Share 0 Tweet 0
JKreativ WordPress theme
  • Trending
  • Comments
  • Latest
Newsweek

Satoshi Nakamoto, BlackRock, and TechBerry — a new investigation by Newsweek

The Honda Civic proves compact cars

Affordable, stress-free travel: why the 2025 Honda Civic shines.

Navarro

Peter Navarro crafts Trump’s tariff strategy, but Elon Musk isn’t sold.

Trump Media stock rallies on Crypto.com partnership news, while DJT shares remain stuck in a sharp decline.

Trump Media stock rallies on Crypto.com partnership news, while DJT shares remain stuck in a sharp decline.

Director ‘blew $11 million on Netflix series for fancy cars, hotels’

Director ‘blew $11 million on Netflix series for fancy cars, hotels’

Ripple CEO announces that the SEC has abandoned its appeal in the lawsuit against the cryptocurrency firm.

Ripple CEO announces that the SEC has abandoned its appeal in the lawsuit against the cryptocurrency firm.

Mining

Could AI Agents Take Over Blockchain Mining?

Bitcoin market

Bitcoin’s Bullish Form Returns – Huge Uptrend Near?

Gates to Donate $107 Billion, Closing Foundation by 2045

Gates to Donate $107 Billion, Closing Foundation by 2045

UK-US Tariff Deal Targets Cars, Steel, and Pharmaceuticals

UK-US Tariff Deal Targets Cars, Steel, and Pharmaceuticals

Bank of England Cuts Rates, Signals More Reductions Amid Trade Deal

Bank of England Cuts Rates, Signals More Reductions Amid Trade Deal

Used Vehicle Prices Surge to Highest Since 2023 Amid Tariff Fears

Used Vehicle Prices Surge to Highest Since 2023 Amid Tariff Fears

  • Privacy Policy
  • Terms
  • About us
  • Contacts

© 2025 Finance Daily News | FD News

No Result
View All Result
  • Business
  • Economics
  • Markets
  • Tech

© 2025 Finance Daily News | FD News