"Among Carney's initiatives unveiled on Thursday is a new tariff scheme offering credits to car companies like General Motors and Toyota that produce vehicles in Canada, to help offset tariff costs.
Canadian officials, faced with upheaval in their trading relationship with the US, have in recent weeks looked to other countries in a bid to boost the Canadian auto sector and reduce its ties to the US.
Carney's announcement on Thursday follows a deal with China last month that will see Canada ease tariffs on Chinese electric vehicles that it imposed in tandem with the US in 2024.
Canada also unveiled an agreement with South Korea last month that is set to encourage Korean car manufacturing in the country. Both agreements could undercut US car firms." – bbc.com
Canada is open for business. Welcoming multinational auto companies from the world. US manufacturers in Canada should have the same incentives, as Korean manufacturers. As far as Chinese auto companies, I am not aware of any plans to set up domestic manufacturing in Canada, but for imports the tarrifs are lowered. What should be there in Canada, is a level playing field, for auto imports and domestic manufacturing.
Canada has long followed the US lead. But now the US has betrayed them by not honoring a trade agreement. Let us see if Canada can now stand up on its own.
https://www.bbc.com/news/articles/cvgd2j80klmo
Posted by truthandfreedom3