US seen cutting Canadian auto tariff to 15% in possible deal
Washington is poised to reduce the tariff on Canadian autos to 15% from 25% under a trade deal, though an agreement is not final, Bloomberg sources say.
The US is prepared to lower its tariff rate on Canadian automobiles to 15% from 25% as part of a trade deal, according to sources cited by Bloomberg. President Trump has reportedly offered the 15% auto tariff rate.
Sources caution that the US-Canada trade deal has not been finalized. The report does not specify timing or other conditions that may apply.
Source: First Squawk