The President has ordered new taxes on certain Canadian motor vehicle imports
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Table of Contents
The President has issued a presidential action to impose additional duties (taxes) on specific motor vehicles coming from Canada. This move is intended to offset what the administration describes as discriminatory practices by Canada regarding the trade of these goods with the United States.
Why it matters: This increases the cost of importing specific Canadian-made vehicles into the U.S., which may change how much companies pay for cross-border trade and how they price their goods.
Who it affects
- Importers of Canadian motor vehicles
This action was issued by the Executive Office of the President; please consult the official Federal Register document before making financial or trade decisions.
Agency: Executive Office of the President
Source: Federal Register — read the official document