Tariffs, China, and the cost of cars: what’s at stake for Canada’s auto market
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Over the weekend, former U.S. President Donald Trump threatened to
impose 100 per cent tariffs on Canadian goods if Canada moves ahead with a
trade deal with China. This comes as Ottawa has signalled a preliminary
agreement that would ease tariffs on Chinese electric vehicles in exchange
for China lowering duties on Canadian agricultural products — a move that
could reshape Canada’s auto and EV market.
With that added uncertainty, there are new questions about what this means
for vehicle pricing, availability, and consumer confidence. AutoTrader’s
Vice-President of Insights and Intelligence, Baris Akyurek, helps break down
what this could mean for Canadian car buyers and the market overall.
impose 100 per cent tariffs on Canadian goods if Canada moves ahead with a
trade deal with China. This comes as Ottawa has signalled a preliminary
agreement that would ease tariffs on Chinese electric vehicles in exchange
for China lowering duties on Canadian agricultural products — a move that
could reshape Canada’s auto and EV market.
With that added uncertainty, there are new questions about what this means
for vehicle pricing, availability, and consumer confidence. AutoTrader’s
Vice-President of Insights and Intelligence, Baris Akyurek, helps break down
what this could mean for Canadian car buyers and the market overall.
