Trump rates: Canada strikes, says Prime Minister Mark Carney will impose 25% rates on vehicles imported from the US | Today news

Canadian Prime Minister Mark Carney on Thursday refuted Trump tariffs, saying they would impose a 25 percent tariff on some cars imported from the United States. Trump’s previously announced 25% tariffs on car imports came into effect on Thursday. Prime Minister Mark Carney has ’25 percent rates on all vehicles imported from the United States that do not meet Cusma, ‘using the Canadian acronym for an existing free trade agreement in North America, AFP reports. However, Carney did not immediately offer detail about how many vehicles could be affected by Canada’s retaliation. Mark Carney said he told Trump in a phone call last week that he would retaliate for the rates. “We are taking these measures reluctant. And we take it in ways that are intended and will have the maximum impact in the United States and the minimum impact in Canada,” Carney said. Carney said Canada would not place rates on auto parts as Trump did because he said Canadians know the benefits of the integrated car sector. The parts can go back and forth over the border of Canada and the US before it is fully composed in Ontario or Michigan. Canadians already see the impact, the prime minister added. Catch all the business news, the news reports and the latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business Newsnewworldtrump Rates: Canada hits, Premier Mark Carney says the 25% rates on vehicles imported more of us