North American Auto Officials See Tariff Options as Improvement Over 25% US Levy
Sources say some North American auto industry officials view either option as an improvement over the current 25% U.S. tariff on Canadian vehicles, citing 15% auto tariffs in Japan, South Korea and the EU.
Some North American auto industry officials see either option under discussion as an improvement over the current 25% U.S. tariff on Canadian vehicles, according to sources. The sources said the comparison is made against Japan, South Korea and the EU, which have a 15% autos tariff rate.
The remarks suggest that industry officials view the existing U.S. tariff on Canadian vehicles as more restrictive than the alternatives being evaluated. No further details on the specific options were provided.
Source: First Squawk