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Canada suggests auto trade deal with U.S. and Mexico to counter tariffs, boost local industry.
A new report from the C.D.
Howe Institute recommends that Canada negotiate a new auto trade agreement with the U.S. and Mexico to counteract U.S. auto tariffs.
The proposal, inspired by the 1965 Canada-U.S. Auto Pact, suggests imposing permanent import tariffs but giving automakers tax breaks if they meet local production requirements.
This strategy aims to maintain investments and jobs in Canada's auto industry and align with the Trump administration’s goals of reducing trade imbalances and reinforcing domestic supply chains.
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Canadá sugiere un acuerdo de comercio de automóviles con EE.UU. y México para contrarrestar los aranceles, impulsar la industria local.