Tariffs/Trade
US and Canada discussing possible reduction in US auto tariffs to 15% after some value content deductions from 25% currently, according to reports, citing sources
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The U.S. and Canada are negotiating a reduction in auto tariffs to 15%, matching rates for Japan and the EU, contingent on value content deductions to improve North American competitiveness.
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US and Canada are discussing a possible reduction in the US auto tariff to 15%, after deductions for certain value content from the current 25% tariff, sources familiar with the negotiations said. North American auto industry officials view either option as an improvement over the current 25% rate, given Japan, South Korea and the EU face a 15% auto tariff.
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