2 August 2026 at 7:40 pm
Summary
President Donald Trump invoked the Depression-era Smoot-Hawley Tariff Act to impose new retaliatory tariffs on Canada, citing alleged discrimination against the U.S. auto industry. However, an analysis of trade flows suggests that Canadian imports of U.S. autos and auto parts have not been significantly harmed by Canada's tariffs, and other factors like affordability concerns may be influencing sales.
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