NEW YORK CITY (TNS) — With less than 36 hours to go before new U.S. tariffs on Canada are set to kick in, automotive sector rules are proving to be a major obstacle in negotiations, according to people familiar with the matter.
Canada has pushed to reduce the tariff rate on autos to 10% or expand an exemption that currently applies to U.S. parts in vehicles, according to people with knowledge of the discussions who spoke on condition of anonymity. But the Trump administration has held firm to a minimum 15% rate, the people said.
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