On April 9th, the Canadian Ministry of Finance announced on the 8th that the 25% tariff on US cars will take effect at 00:01 Eastern Time on the 9th. Canadian Finance Minister Shang Pengfei stated that Canada will continue to respond strongly to all unreasonable tariffs imposed by the United States on Canada. The Canadian government is firmly committed to lifting these US tariffs as soon as possible to protect Canadian workers, businesses, economy, and industry. Shang Pengfei said that Canada will also implement a reduction plan for car manufacturers to incentivize their production and investment in Canada, and help maintain employment opportunities in Canada.
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