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Canada’s new countermeasures announced last week in response to the tariffs imposed by the US on the Canadian auto industry will come into force at 12:01 am EDT on Wednesday,MK socks Canadian Minister of Finance, François-Philippe Champagne, confirmed in a statement.

On April 3, Canada announced to impose 25 percent tariffs on non-Canada-US-Mexico Agreement (CUSMA) compliant fully assembled vehicles imported into Canada from the US, and on non-Canadian and non-Mexican content of CUSMA compliant fully assembled vehicles imported into Canada from the US.

Vehicle imports to Canada from the US totaled C$35.6 billion ($25 billion) in 2024, Canadian official data showed.

“Canada continues to respond forcefully to all unwarranted and unreasonable tariffs imposed by the US on Canadian products. The government is firmly committed to getting these US tariffs removed as soon as possible, and will protect Canada’s workers, businesses, economy and industry,” Champagne said in the statement.

The statement noted that a remission framework for auto producers that incentivizes production and investment in Canada, and helps maintain Canadian jobs, will also be implemented. 

Global Times