Correction to Canadian Auto Stocks Revenue Higher Article

Published: 2025-04-09 16:42:08 ET LNR.TO

Shares of Canadian auto parts makers rose sharply after President Trump announced a temporary pause on most tariffs, but those on Canada's automotive sector will remain.

U.S. Treasury Secretary Scott Bessent later clarified that sectoral tariffs, like the 25% automotive and steel tariffs on Canada, won't be reduced to 10% like other sectors, confirming that the reductions only apply to reciprocal tariffs.

"Canadian Auto Stocks Rev Higher on Trump's Sector Tariff Reprieve," at 3:03 PM ET, incorrectly said President Trump's temporary pause on tariffs also included relief for Canada's automotive and steel sectors.

(END) Dow Jones Newswires

04-09-25 1641ET