U.S., Canada weigh 15% auto tariff as trade talks intensify

On the Dash: U.S. and Canadian negotiators are considering cutting the tariff on Canadian vehicles from 25% to 15%. Broader North American content deductions could push effective tariffs on some vehicles into the single digits. A deal could improve the competitiveness of North American-built vehicles against imports from Japan, South Korea and Europe. U.S. and Canadian negotiators are weighing a proposal to lower the tariff on Canadian-built vehicles from 25% to 15%, according to three sources familiar with the talks who spoke with Reuters. The reduction would mark a significant cut from the current 25% Section 232 tariff on auto imports, which has threatened shutdowns at Canadian assembly plants. While…

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