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Canada has announced that it will impose US import tariffs in retaliation for Canadian steel and aluminum taxes in Washington. The new tariffs (which come into effect this Sunday, the first day of July), on imports from the United States, represent 16.6 billion Canadian dollars (10.8 billion euros).
had no choice but to announce reciprocal measures in response to United States tariffs on steel and aluminum. since June 1, 2018, "said Canadian Prime Minister Justin Trudeau during a telephone conversation with the US president. , Donald Trump, on Friday, according to the Office of the Government Leader of Canada. "The two leaders agreed to maintain close communication in the future," noted the Canadian government.
In addition to US imports of steel and aluminum whiskey, ketchup, orange juice, sail and motor boats or lawn mowers. These products "can easily be replaced by Canadian or other products," Canadian Foreign Minister Chrystia Freeland said Friday at a news conference.
These new Canadian taxes range from 10% to 25%%, that is to say as much as the rates imposed by the Trump administration on Canadian aluminum and steel respectively.
The list of US products referred to was designed to provide a "perfectly reciprocal" response to US tariffs, added Freeland.
In recent months, Donald Trump has unleashed a trade dispute by unilaterally imposing tariffs on Canadian, European and Chinese products to consider international trade unbalanced and unfavorable to the United States.
On Tuesday, Chrystia Freeland met with European counterparts in Brussels to coordinate Canada's trade retaliation with that of the EU, which she recently filed with customs duties.
The Government of Canada will also provide up to $ 2 billion in badistance to steel and aluminum companies and workers affected by US tariffs for two [19659002] This grant program also includes funds to support the conquest of new export markets.
Giant GM warns of the "dangers" of Trump's new policy, including job losses
General Motors (GM), one of America's best-known automakers The world (and which has iconic brands such as Cadillac, Buick, GMC and Chevrolet) warned Friday that it could be forced to reduce the number. Donald Trump's aggressive trade policy has led to a trade war.
In a statement sent to the US Department of Commerce, GM (a company founded in 1908 and the largest automaker between 1931). and 2007) have expressed concerns about Trump's 25% rates on imported cars – joining other representatives of the auto and auto parts industry, who are concerned about
According to Company, "excessively high rates" may give rise to a "minor NG", with a reduced presence on the domestic market and in external geographical areas, which will call into question "more, not less, jobs at United States. "Currently, GM employs approximately 110,000 people, with 47 factories and 25 auto parts units in the United States.
The company states that "broad-spectrum trade barriers" could "foster a business environment in which we may be confronted with other markets", which may cause the company to increase the prices of its products. or, conversely, to reduce profit margins, which, in its view, will lead to a reduction in investment and hiring
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