According to a statement previously issued by the Canadian federal government, Canada's countervailing tariffs on the US will officially take effect on September 8, local time in Canada. The Canadian federal government announced on August 25 that it will impose countervailing tariffs on US goods worth 27.6 billion Canadian dollars, or about 20 billion US dollars, involving fields such as steel and aluminum, dairy products, household appliances, agricultural equipment, etc. In fact, the US and Canada have close economic ties, and the trade war not only pushes up the cost of cross-border trade between the two countries, but also undermines confidence in related industries. The automobile industry is one of the industries deeply affected by the US-Canada trade war. In Michigan, USA, the operating costs of local automobile manufacturers, auto parts companies and other related enterprises have risen markedly, and profits have declined significantly. Michigan is a major center of the US automobile industry, and the state is closely linked to the automobile industry in Ontario, Canada. Currently, Michigan is under tremendous pressure from tariff policies and trade wars. Workers in the Michigan auto industry have also felt the negative impact of the tariff policy.

Zhitongcaijing · 18h ago
According to a statement previously issued by the Canadian federal government, Canada's countervailing tariffs on the US will officially take effect on September 8, local time in Canada. The Canadian federal government announced on August 25 that it will impose countervailing tariffs on US goods worth 27.6 billion Canadian dollars, or about 20 billion US dollars, involving fields such as steel and aluminum, dairy products, household appliances, agricultural equipment, etc. In fact, the US and Canada have close economic ties, and the trade war not only pushes up the cost of cross-border trade between the two countries, but also undermines confidence in related industries. The automobile industry is one of the industries deeply affected by the US-Canada trade war. In Michigan, USA, the operating costs of local automobile manufacturers, auto parts companies and other related enterprises have risen markedly, and profits have declined significantly. Michigan is a major center of the US automobile industry, and the state is closely linked to the automobile industry in Ontario, Canada. Currently, Michigan is under tremendous pressure from tariff policies and trade wars. Workers in the Michigan auto industry have also felt the negative impact of the tariff policy.