Canada Gives Tariff Exemption to Automakers That Stay in Country
April 15, 2025
19,375
205
50
1.32%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bloomberg News Episodes Around April 15, 2025
See what was published immediately before and after this episode.
0:19Now PlayingCanada Gives Tariff Exemption to Automakers That Stay in Country
YouTube Description
as posted by the channelThe Canadian government said it will allow automakers to import a number of US-made cars and trucks without tariffs, as long as the companies keep manufacturing vehicles in Canada.
The move will provide some relief to companies including General Motors Co. and Stellantis NV that have assembly plants in Ontario but still bring large quantities of vehicles into Canada from the US. Last week, the government of Prime Minister Mark Carney put retaliatory tariffs on vehicles made in the US.
The government also said it will provide a reprieve for six months on imports from the US that are used in Canadian manufacturing, processing and food and beverage packaging, as well as for certain items related to public health and national security objectives.
Canada currently has 25% counter-tariffs on about C$60 billion ($43.3 billion) worth of US products, plus a further set of tariffs on some US-manufactured autos.
--------
Subscribe to our YouTube channel
Subscribe to Bloomberg Originals
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
Breaking News on YouTube
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.