US and Canada Said to Discuss Cutting Auto Tariffs to 15%
The US and Canada are reportedly discussing a possible reduction in US auto tariffs to 15% from 25%, after value-content deductions, according to sources familiar with the talks.
The United States and Canada are considering a potential cut in US auto tariffs to 15%, down from the current 25% level, according to sources familiar with the negotiations.
The proposed lower rate would apply after some value-content deductions, though further details on the calculation or timing were not disclosed.
Reports of the discussions point to an effort to ease trade frictions between the two countries, but no final agreement has been confirmed.
Source: First Squawk