Canada’s automotive industry at a crossroads

Canada’s automotive industry at a crossroads

Canada’s auto manufacturing faces changes in light of unique challenges – what’s next?

President Claudia Sheinbaum said her government is looking to negotiate a reduction in tariffs with the United States, in the automotive, steel and aluminium sectors. “I don’t want to mention...

President Donald Trump has decided to suspend 90 days the imposition of some tariffs as a gesture of goodwill. Products from the European Union are only taxed with 10% for a few days and not with the 20% announced. But not all. The automotive, like the steel industry, has a tax of 25% since April 3. The direct impact of this measure will not be particularly relevant in Euskadi: last year, the sector exported products worth 61 million euros, just…

Donald Trump is considering a delay in imposing tariffs on imported cars and parts to give automakers more time to build up U.S. manufacturing, Bloomberg reported. The tariffs would make cars more expensive for Americans and could disrupt supply chains.