New U.S. tariffs on some large imported vehicles are now in effect. President Donald Trump imposed a 25 per cent levy on medium- and heavy-duty trucks and a 10 per cent tariff on buses, though there will be a carveout for vehicles traded under the Canada-U.S.-Mexico Agreement.
Breakdown
- The U.S. has imposed a 25% tariff on imported medium and heavy-duty trucks and a 10% tariff on buses. 6s
- Trade talks between the U.S. and Canada remain halted amid ongoing tensions. 12s
- U.S. Treasury Secretary Scott Besant criticized an ad campaign by Ontario Premier Doug Ford and compared it to election interference. 1m 26s
- The additional 10% tariff threatened by President Trump on Canadian goods has not yet been implemented. 1m 19s
- The Trump administration faces criticism from Canada and internationally over its tariff regime. 2m 14s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.