A weak currency could offset some of the tariff impact from President Trump’s 25% duty on imported cars, said David Paterson, the representative in Washington D.C. for the Canadian province of Ontario.

President Trump’s announcement wasn’t as bad as feared for Canada, but the country’s auto sector will still struggle with the 25% tariff on imported vehicles announced on Wednesday. “It’s like we dodged a bullet,

Detroit — The aftershocks from President Donald Trump's "reciprocal" tariffs reverberated around the globe Thursday as trade partners unveiled retaliatory tariffs, stock market indices plunged and automakers announced plant shutdowns and other production changes.

President Donald Trump’s auto tariffs, which went into effect at 12:01 am ET on Thursday, have the potential to upend a crucial American industry and raise the cost of tens of millions of cars sold every year across the country.

Analysis from the Canadian Chamber of Commerce estimates that Canada and Mexico account for 58 per cent of U.S. auto parts imports and 76 per cent of U.S. exports.

Canadian Prime Minister Mark Carney announced on Thursday his country will impose 25-percent tariffs on U.S. auto imports that do not comply with the U.S.-Mexico-Canada Agreement (USMCA) on free

Trump has enacted 25 per cent duties on imported vehicles, with temporary reprieve for some parts compliant with the Canada-U.S.-Mexico free trade agreement Share your thoughts and join the conversation in the comments. You must be logged in to join the discussion or read more comments.

President Donald Trump announced last week that he will impose a 25% tariff on imported passenger vehicles, light trucks and some auto parts. After signing the order last week, Trump said the auto tariff would go into effect on Wednesday, April 2 and begin to be collected on Thursday, April 3.