Canada to Revamp Tariffs to Keep Auto Plants Trump Covets (2)

Prime Minister Mark Carney’s government plans to change its tariff system to create a stronger financial incentive for automakers to invest in Canada, resisting US efforts to lure factory jobs away.

The government is keeping the counter-tariffs it imposed on US-made cars and trucks last year as retaliation for President Donald Trump’s own levies. But it’s launching consultations on a new “import credit” scheme that would help auto companies lower their tariff bill.

Companies that still make vehicles in Canada, such as Toyota Motor Corp. and General Motors Co., will be able to earn those credits based ...