Automotive News · @automotive_news

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The future of North American auto trade is murkier than ever amid the spiraling trade war between the U.S. and Canada, raising uncertainty for automakers and suppliers mulling investment in the region. The strain between the neighboring countries comes amid the ongoing review of the United States-Mexico-Canada Agreement, the trade pact underpinning the region’s highly integrated automotive supply chain. While the U.S. and Mexico are scheduled to meet for more formal USMCA talks in September, there are no further trade talks planned between American and Canadian officials. High-stakes trade negotiations between the U.S. and Canada broke down Aug. 21, after which the White House implemented a series of new tariffs on Canadian goods. President Donald Trump also threatened 50 percent duties on Canadian vehicles and parts. In response, the Canadian government outlined plans for countertariffs on U.S. goods, as Prime Minister Mark Carney and other political leaders vowed to fight back against the Trump administration. Read more: https://www.autonews.com/manufacturing/an-auto-tariffs-us-canada-usmca-impact-0827/ #USMCA #US #Canada #automotive #autoindustry #trade