A fact sheet provided by the White House says automobiles imported under the Canada-U.S.-Mexico Agreement will only be tariffed on the value of content not made in the United States. (Photo: The Canadian Press)
U.S. President Donald Trump is threatening large tariffs on the European Union and Canada if they work together to do economic harm to the U.S. In a post on social media, Trump says the tariffs would be "far larger than currently planned. " The comments follow Trump's move to impose 25 per cent tariffs on all automobile imports to the U.S. starting next week.
A fact sheet provided by the White House says automobiles imported under the Canada-U.S.-Mexico Agreement will only be tariffed on the value of content not made in the United States. Prime Minister Mark Carney has called the auto tariffs a "direct attack" on Canadian autoworkers, and promised swift action and support. Before calling the election, Carney travelled to France and the United Kingdom to meet with leaders there.