U.S. - Canada Trade War likely to Increase Vehicle Costs

US_CA_Tariff War

On May 31, the Trump Administration imposed tariffs on Canadian exports of steel and aluminum – both key components of automobiles.  Canadian aluminum exports will be subject to a 10% US tariff while Canadian steel exports will be subject to a 25% tariff.  Canada retaliated immediately, imposing comparable tariffs on US exports to Canada, which will take effect July 1. 

 As a consequence, US providers of aftermarket equipment (AME) have already raised prices on many products by as much as 10%.

 

Source: www.natlawreview.com

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