Sources: Trump Administration Plans to Lower Tariffs on Canadian Imported Cars from 25% to 15%

Jin10 Data, August 20 – According to informed sources, the Trump administration is preparing to reduce tariffs on Canadian imported cars from 25% to 15% as part of a broader agreement. Under this agreement, Canada will cancel retaliatory trade measures against the United States. Last year, the White House imposed a 25% tariff on foreign-made cars and trucks. For vehicles produced in Canada and Mexico, the tariff only applies to non-U.S. components within the vehicles, a move aimed at encouraging companies to shift more production processes to the United States. Sources indicate that the new 15% tariff rate will also follow this "non-U.S. components" calculation rule. Currently, the specific details of the agreement have yet to be finalized. Additionally, Trump has previously modified terms or even canceled agreements at the last minute when trade deals were about to be reached, so the final outcome remains uncertain.