25 May 2025, Sun

Canada PM Mark Carmey Announces 25 Percent Tariff on Us Vehicle Imports in Retaliation to Trump Move

Retan steps are now being taken against the reciperochl tariff imposed by America. Canadian Prime Minister Mark Carney said that he will impose 25 percent tariffs on all American vehicles, which is not compatible with free trade conference. The Canada PM further said that whatever will be earned from this tariff, it will be used to help the auto workers and industries of the country.

Posting on social media X, he said on Thursday, “In response to Trump’s tariff in the auto sector, 25 percent of tariffs will be placed on all American vehicles from Canada. He said in a post- Our tariff, apart from the tariff of President Trump, will not affect auto parts, because we understand the benefits of our supply chain. On behalf of Canada, a framework will be made for an auto producer for such a help to help in production and investment.

After the announcement of the reciperook tariff from Trump, Carney said that the global economy is theoretically different today compared to the past. Every step will be taken against the tariffs imposed by the United States against their automobile sector and the Canada workers, including their automobile sector, so that it can be ensured.

It is worth noting that 25 percent tariff on goods imported from Canada, 10 percent tariff on energy potash came into effect from March 4. On March 12, 25 % tariff was imposed on Canada’s steel and aluminum products from the US.

On April 3, 25 percent tariff came into force on Canada’s automobile. This has affected the auto industry there, in which more than 5 lakh people are engaged in the entire Canada. Despite global criticisms, Trump announced the National Economic Emergency, saying that at least 10 percent of tariffs will be imposed on all countries of the world, which would have more tariff rates on about 60 countries.

In fact, on Wednesday, Trump has announced to put reciperook tariffs on countries around the world. 34%on China, European Union: 20%, South Korea: 25%, India: 26%, Vietnam: 46%, Taiwan: 32%, Japan: 24%, Thailand: 36%, Switzerland: 31%, Indonesia: 32%, Malaysia: 24%, Cambodia: 49%, Cambodia: 49%, United Kingdom: 10%, South Africa: 30%, Brahmil: 10%, 10%, Bangladesh: 37%, Singapore: 10%. Israel: 17%. Philippines: 17%, Chile: 10%, Australia: 10%, Pakistan: 29%, Turkish: 10%, Sri Lanka: 44%, Colombia: 10%tariff.

Also read: How effective Trump’s tariff? How much difficulties did Indians settle in all countries like America, Australia, China?



Source link

By Admin

Leave a Reply

Your email address will not be published. Required fields are marked *