Tesla (TSLA, Financial) has announced a price increase for its vehicles in Canada as the country prepares to impose retaliatory tariffs on U.S.-made cars. The electric vehicle manufacturer is urging Canadian buyers to purchase cars before these tariffs take effect. A message on Tesla's Canadian website emphasizes the importance of buying vehicles at pre-tariff prices while stock lasts.
This move follows the U.S. decision to impose extensive tariffs on Canadian goods, including a 25% tariff on auto parts produced outside the U.S., under the U.S.-Mexico-Canada trade agreement. In response, Canada announced equivalent import tariffs aimed at matching the U.S. measures.
