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Mar 27th, 2025, 5:49 PM ET·Politics

Trade Tensions Escalate: Canada and Vietnam Respond to Trump's Tariffs on Autos

In light of President Trump's new 25% tariffs on auto imports, Canada and Vietnam are adjusting their trade strategies with significant implications.


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Summary

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Amid President Trump's announcement of a 25% tariff on foreign vehicles set to take effect on April 2, Canadian Prime Minister Mark Carney is preparing retaliatory measures, including a CA$2 billion fund aimed at supporting the domestic auto sector amid rising Canadian patriotism and upcoming elections. Meanwhile, Vietnam's Prime Minister Pham Minh Chinh is pursuing a diplomatic approach, keenly aware that despite a substantial trade deficit with the U.S., he may not be able to avert tariffs entirely, especially given concerns over Vietnam’s relationship with China. Analysts predict significant ramifications for both countries as they adapt to these new trade dynamics.

Sources (25)

Compare coverage of this story from news outlets across the political spectrum.
  • The Guardian
  • AlterNet
  • CNN
  • TIME Magazine
  • The Guardian
  • The new tariffs are a direct attack on Canadian workers and could hurt U.S. cities reliant on trade with Canada.
  • Trump's policy reflects an 'America First' ideology that undermines trade relations with friendly nations like Canada and risks economic repercussions.
  • The imposition of tariffs is likely to disrupt supply chains and raise prices, ultimately harming both American consumers and the auto industry.
End of an era for Canada-US ties, says Carney, as allies worldwide decry Trump’s car tariffs
The GuardianThe Guardian·2M·
Leans Left
This outlet slightly leans left.

"…Trump announced on Wednesday that he would impose a 25% tariff on cars and car parts shipped to the US from 3 April in a move experts have predicted is likely to depress production, drive up prices and fuel a global trade war."

The U.S. Cities Most Vulnerable to Canadian Tariffs: Report
TIME MagazineTIME Magazine·2M·
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This outlet slightly leans left.

"…The ongoing trade war between the U.S. and its neighboring allies has escalated further after President Donald Trump announced Wednesday that he would be imposing a 25% tariff on auto imports."

Carmaker shares fall after Trump 25% tariff move as Reeves warns against trade war
The GuardianThe Guardian·2M·
Leans Left
This outlet slightly leans left.

"…Shares in automakers around the world fell sharply on Thursday after Donald Trump announced a 25% tariff on all car imports to the US in the latest escalation of his global trade war."

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Trade Tensions Escalate: Canada and Vietnam Respond to Trump's Tariffs on Autos - Pano News