US, Canada in Talks to Cut Auto Tariffs
US and Canada are discussing a possible cut in the US tariff on Canadian vehicles to 15%, down from the current 25%. The proposed reduction would involve deducting certain value content from the tariff calculation. North American auto industry officials view either proposal as an improvement over the current 25% tariff. Japan, South Korea, and the EU already face a 15% US auto tariff rate.10 sourcesSee all sources