32 h. ago Trump’s Auto Tariff Relief Shields USMCA Auto Parts From 25% Tax

President Donald Trump’s revised auto tariff plan continues — at least for now — an exemption for parts that comply with the free trade agreement spanning North America, a concession desperately sought by industry.

Economics

32 h. ago Auto parts tariff exemption provides ‘certainty and relief,’ says Magna

TORONTO — The head of Magna International Inc. is cheering a tariff exemption for automobile parts compliant with the Canada-U.S.-Mexico Agreement. The U.S. had said last month it would start charging a 25 per cent tariff on all imported auto parts by May 3, but U.S. Customs and Border Protection guidance released Thursday provided clarification. […]

Economics

51 h. ago Canada auto parts get Trump tariff exemption under CUSMA, U.S. says

The bulletin from U.S. Customs and Border Protection says eligible auto parts under the Canada-United States-Mexico Agreement will be subject to a zero per cent tariff.

Economics

2 w. ago Trump says he’ll attend trade negotiations with Japanese officials at the White House

WASHINGTON — President Donald Trump said he’s joining some of his top economic advisers on Wednesday for negotiations at the White House over tariffs and trade with a top Japanese official who is traveling to Washington for the talks. The Republican president said in a post on his social media platform that he’ll attend the […]

Economics

2 w. ago Trump tariffs no match for ‘gravitational pull’ of U.S. market

Trade officials say the Canadian and American economies — for better or worse — are tied at the hip

Economics

3 w. ago Mexico Aims to Raise Auto Tariff Exemptions, Trade Official Says

Mexico wants a greater proportion of each auto built in the country to qualify for US origin status, a move that would lower the impact of President Donald Trump’s tariff policies, Deputy Economy Minister for Foreign Trade Luis Rosendo Gutierrez said.

Economics

3 w. ago South Korea Eyes Boosting Energy Imports to Cut Surplus With US

A top South Korean trade official said the government is reviewing multiple packages to present to the Trump administration as it seeks to reduce a trade surplus with the US in a bid to negotiate a lower tariff rate.

Economics