U.S., Canada weigh 15% auto tariff as trade talks intensify

August 18, 2026

CBT: U.S. and Canadian negotiators are weighing a proposal to lower the tariff on Canadian-built vehicles from 25% to 15%, according to three sources familiar with the talks who spoke with Reuters. The reduction would mark a significant cut from the current 25% Section 232 tariff on auto imports, which has threatened shutdowns at Canadian assembly plants…