Automaker allowed more tariff-free U.S. imports due to higher Canadian production
BNN Bloomberg
Ottawa is letting an unnamed automaker import a higher quota of U.S.-made vehicles without tariffs because the company is selling and making more cars in Canada than first expected.
While the Liberal government dropped the bulk of its counter-tariffs on the United States in September, Canada still maintains import duties of 25 per cent on U.S. autos that are not compliant with the Canada-U.S.-Mexico agreement on trade.
Ottawa allows automakers to import a certain quota of vehicles made in the United States tariff-free, based in part on their level of automotive assembly in Canada. Those quotas are reviewed every three months.
An order-in-council decision dated Feb. 26 said an automaker asked for a higher quota level during the July to September review period because its sales in 2025 were stronger than expected.
The request was granted in part because the company’s level of domestic manufacturing was higher as well.
The automaker in question was not named in the order due to confidential financial concerns.
Iran’s Supreme Leader Ayatollah Mojtaba Khamenei says that the leverage of closing the Strait of Hormuz should be used and that Iran’s attacks on Gulf Arab neighbours will continue. His first statement since his appointment was read on state television Thursday by a news anchor.
Prime Minister Mark Carney is again heading overseas, this time to Norway to observe NATO Cold Response exercises as Canada deepens ties with Nordic countries.
The Canadian Security Intelligence Service says the threat level in Canada from Iran or its proxies has not changed since the war in Iran began nearly two weeks ago, while adding that threat-related activities are “likely to continue.”
Ottawa is letting an unnamed automaker import a higher quota of U.S.-made vehicles without tariffs because the company is selling and making more cars in Canada than first expected.
World shares tumbled on Monday, with Japan’s benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel, casting a shadow over economies heavily dependent on imports of oil and gas from the Middle East.
Prime Minister Mark Carney announced Sunday the date for three upcoming byelections.
The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle East.
Scott Moe says Canada needs to separate its trade talks from its national security concerns when dealing with certain countries if it is serious about diversifying trading partners beyond the United States.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
Prime Minister Mark Carney has landed in Japan on the final stop of a 10-day trip that also included Australia and India.
As Iran continued to exchange airstrikes with Israel and U.S. bases on Thursday, Canada’s top military commander said its Armed Forces are in talks to possibly help defend Persian Gulf states against bombing from Iran.