The federal government will limit the number of tariff-free vehicles General Motors and Stellantis can import from the U.S. to sell in Canada. The move is designed to pressure the two companies to reinvest in Canadian production.
Breakdown
- Canada is limiting tariff-free vehicle imports from GM and Stellantis due to reduced Canadian manufacturing. 26s
- The government had previously exempted the companies from a 25% tariff on the condition they maintain Canadian production. 46s
- GM's tariff-free imports from the U.S. are being cut by 24%, and Stellantis by 50%. 1m 19s
- Industry groups warn the move could increase vehicle prices for Canadian consumers. 1m 28s
- The government aims to pressure automakers to keep jobs and production in Canada and send a warning to other companies. 2m 22s