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Canada’s Auto Industry Is Split on a U.S. Tariff Deal: What It Means for Your Wallet

  Canadian Money Brief • Tariffs & Trade • Saturday, November 14, 2026 Ottawa is once again trying to land a tariff deal with Washington. This time, the biggest fight may be inside Canada's own auto industry, and the outcome could reach your paycheque, your car purchase and your savings. Canada's auto manufacturers agree on the goal: get U.S. tariffs on Canadian-built vehicles down. They do not agree on how fast to move or what to accept. According to a Globe and Mail report published overnight, the Detroit Three (Ford, GM and Stellantis) want a deal sooner rather than later, even an imperfect one, while Honda and Toyota are pushing Ottawa toward a very different design. It matters now because of the clock. Canadian-built vehicles already face a 25% U.S. tariff on their non-American content, and Washington has threatened to double the headline rate to 50% on January 1, 2027. Honda has warned that doubling would be catastrophic for the North American industry. Prime Minister...
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U.S. Tariffs on Canada and Mexico: A Looming Trade Shift


The United States is set to impose tariffs on imports from Canada and Mexico starting Tuesday. While the initial proposal suggested a 25% tariff, Commerce Secretary Howard Lutnick has indicated that the final rate will be determined by President Donald Trump. This decision comes as part of broader measures aimed at addressing issues such as illegal migration and the flow of fentanyl into the U.S.

The tariffs have sparked concerns on both sides of the border. Canadian officials have warned of potential economic harm and have prepared retaliatory measures, including tariffs on American goods. Similarly, Mexico has expressed its readiness to respond if the tariffs are implemented at the proposed levels.

The automotive industry, among others, is expected to feel the impact significantly. Major car manufacturers with operations in Canada and Mexico could face disruptions, potentially affecting supply chains and production costs.

As the deadline approaches, the exact details of the tariffs remain uncertain, leaving businesses and governments bracing for potential economic repercussions.

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