Overview

• The 25% tariff will raise the total tax on imported cars to 27.5%, significantly impacting global supply chains and car prices.
• Canada’s Prime Minister, Mark Carney, condemned the tariffs as a 'direct attack' on Canadian workers and industries, signaling potential retaliation.
• Japan and the EU have expressed strong opposition, warning of economic and diplomatic repercussions, with Japan considering countermeasures.
• The tariffs are part of Donald Trump’s broader trade policy to promote domestic production and reduce reliance on imports.
• U.S. automakers and consumers are expected to face higher costs, with industry leaders warning of job losses and reduced competitiveness.