The Kobeissi Letter(@KobeissiLetter):BREAKING: President Trump is set to reduce tariffs on automobiles imported from Canada from 25% to 15% as part of a broader trade deal with the country, per Bloomberg. Details include: 1. Currently the US has imposed a 25% tariff on the non-US content of vehicles produces in Canada 2. The same content provision will apply to the new 15% rate 3. US and Canadian negotiators have reportedly discussed whether to widen the exemption to include additional content, though no firm decision to do so has been reached The US-Canada trade deal appears to be materializing.

2026.08.19 22:36

BREAKING: President Trump is set to reduce tariffs on automobiles imported from Canada from 25% to 15% as part of a broader trade deal with the country, per Bloomberg. Details include: 1. Currently the US has imposed a 25% tariff on the non-US content of vehicles produces in Canada 2. The same content provision will apply to the new 15% rate 3. US and Canadian negotiators have reportedly discussed whether to widen the exemption to include additional content, though no firm decision to do so has been reached The US-Canada trade deal appears to be materializing.

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