Summary

Canadian Prime Minister Mark Carney announced a targeted response to U.S. tariffs, imposing a 25% duty on U.S. vehicles not compliant with the United States-Mexico-Canada Agreement (USMCA).

Auto parts and Mexican vehicle content are exempt.

Carney called Trump’s trade policy a “tragedy” for global commerce, criticizing the end of decades of U.S. economic leadership. He warned it may take time for Washington to reverse course.