Trump administration may cut tariffs on Canadian auto imports to 15%, source says

The Trump administration is planning to reduce tariffs on imported automobiles from Canada to 15% from 25%, according to ChainCatcher, which cited a person familiar with the matter. The proposed move is described as part of a broader agreement between the two sides. Under the reported framework, Canada would be required to roll back retaliatory trade measures imposed on the United States. Even with the lower tariff rate, the new 15% duty would still apply to non-U.S. content contained in vehicles, according to the report. The terms of the agreement have not been finalized. ChainCatcher said key details remain unsettled, meaning the final outcome is still uncertain. No further provisions of the arrangement were disclosed in the report.