Canadian Auto Parts Sidestep US Tariffs under CUSMA Exemption
May 1, 2025, 5:20 pm
New tariff policies under CUSMA exempt select Canadian auto parts from the additional 25% tariffs planned by U.S. authorities. The measure spares manufacturers from increased costs and reflects shifting trade dynamics between the U.S. and Canada, offering some much‐needed relief for the industry.
Il s’agit d’un nouveau signe de soulagement pour l’industrie automobile nord-américaine.
U.S. Customs and Border Protection guidance released today says automobile parts compliant with the Canada-U.S.-Mexico Agreement on trade will not be subject to the 25 per cent auto part tariffs that were set to go in place on May 3.
The exemption applies to CUSMA-compliant parts, but not automobile knock-down kits or parts compilations
WASHINGTON - U.S. Customs and Border Protection guidance released today says automobile parts compliant with the Canada-U.S.-Mexico Agreement on trade will not be hit with President Donald Trump's tariffs.
CP NewsAlert: Canadian automobile parts won't be hit with Trump's tariffs CP24
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.
Canadian auto parts makers appear to have been spared additional U.S. tariffs, which were set to take effect this weekend. On March 26, U.S. President Donald Trump announced 25 per cent tariffs on auto imports into the United States, describing them at the time as “permanent” as part of a plan to…
permalink / 7 stories from sources in 10 hours ago #trade #tariffs #autosector #canada
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