The White House announced Wednesday that Donald Trumppresident of the United States, It will exempt car manufacturers from their 25% tariffs to Canada and Mexico for a monthas long as they comply with the terms of an existing regional free trade agreement.
Under this framework, they expressed that the president is also Open to listen to other products that should be exempt from tariffsthat came into force last Tuesday. After knowing the news, the actions of the record sector rose after the news was known, with General Motors winning 5.3% and Ford 4.1%.
Trump tariffs pose extreme difficulties for car manufacturers, which produce vehicles in the three countries often send parts through the borders of North America several times as they are built in finished systems and vehicles.
This way, It would be key to manufacturers for an exemption from one month For cars and trucks that meet the complex content standards of the agreement between the United States, Mexico and Canada.
In line with the measure, it transpired that Trump It would also eliminate the 10% tariff on Canadian energy importssuch as oil and gasoline, which comply with the rules of origin of the treaty.
The conversation between Trump and Trudeau
These ads were made after what a conversation with Prime Minister Justin Trudeau, where the problem of fentanyl smuggling was discussed. In addition, they discussed commercial issues in their phone call and the conversations will continue between the two countries, said the office of the Canadian leader.
As is frequent, the Republican turned to his social truth platform, where he said he told Trudeau that Canada and Mexico had not done enough to stop the smuggling of fentanyl. “The call ended ‘something’ friendly!”
Tariffs threaten to derail the incipient economic recovery of Canada and could trigger a recession, since the country depends on the United States for 75% of its exports and a third of all its imports.
Yesterday, Trudeau had assured: “If US tariff 25% tariffs over 155,000 million Canadian dollars (about US $ 107,000 million) in American goods. “
“We know that this represents an existential threat to us. There are miles of jobs at stake in Canada. We have already done the job and We are prepared in case the United States decides to start this commercial war“They had warned from the Canadian government.
Source: Ambito
