*Canada's 25% auto tariffs took effect Wednesday on U.S.-produced vehicles, but the new levies differ in many ways from those implemented last week by President Donald Trump.
*Canadian officials purposely carved out individual auto parts from the tariffs and are taking into account the United States-Canada-Mexico Agreement, or USMCA, trade deal into the new levies.
*There also could be some relief for automakers on the Canadian tariffs in the form of remissions.
Used/New cars are about to get real expensive. Auto stocks are about to take a massive hit. Get out while you can. *Not Financial Advice