Canada cracks down on 25 % American cars, electric vehicles and 25 % tariffs

Canada through some American products (including vehicles

Last week, President Donald Trump levied a 25 % tariff on Mexico and Canada’s commodity in the United States, which caused a new situation of trade tensions. Now, Canada provides a 25 % tariff to the United States with its own 25 % tariff. Some of these tariffs will take effect on February 4 tomorrow, and other tariffs (including all passenger cars (including gasoline power and motor)) will be launched within about three weeks unless the last minute transaction changes.

Trump actually signed the current US Mexican Canada Trade Agreement (USMCA) during his first term. Now, he claims that these new tariffs are the result of the operation of border countries on drug trafficking. However, according to Canada, “less than 1 % of Finni and illegally cross the United States from Canada.”

Reading: China, Canada and Mexico have been hit by Trump tariffs, which has triggered a new trade war

Due to Trump’s move, the Canadian government is retaliated. It issued the following statement on Sunday:

“Because the United States levies unreasonable and unreasonable tariffs on Canadian goods, Canada will not support it. In response, we have taken a 25 % tariff at the price of US products imported at $ 155 billion. We will protect Canada in Canada. Interests and support our workers and industries. “

Starting from February 18, some Canadian protection appeared in the form of tariffs in production vehicles. It is important to point out that importers, not exporters, pay tariffs. Therefore, in this case, Canadian Canadian companies that hope to import new tariffs will pay 25 % for them. In many cases, the entity that pays tariffs and then gives the tariff fee to consumers.

This may have a huge impact on automobile manufacturers themselves. Many of them move the parts before the car rolled down from the production line itself. In a sense, cars manufactured in this way may face tariffs many times. It is almost certain that Canadian electric vehicles will slow down, because the price may be improved a lot in the entire automotive industry.

Similarly, the first set of tariffs took effect on February 4, including fruit juice, whiskey, clothing and motorcycles. The second set will take effect on February 18, including cars, steel, aerospace products, etc.