Canadian vehicle and auto part exports faced more than US$380 million in tariffs in July, a sharp jump from previous months as U.S. levies kicked in.
A data analysis released last week by Anderson Economic Group showed US$1.1 billion in tariffs were imposed on assembled vehicles from Canada and Mexico in July, including more than US$311 million on Canadian autos alone.
That figure represents roughly 26 percent of the total dutiable value of Canadian vehicle exports. Meanwhile, there were US$72 million in levies on auto parts from Canada, representing 36 percent of their dutiable value.
In total, nearly US$1.4 billion in tariff duties were imposed on automakers and their suppliers for cars and auto parts from Canada and Mexico….