Canadian Prime Minister Mark Carney today announced the imposition of a 25% duty on all imported cars from the United States that do not comply with the US-Mexico-Canada trade agreement (USMCA), just hours after US President Donald Trump announced. Mark Carney, who succeeded Justin Trinu in the Canadian prime minister, did not clarify the volume of US imports that would be affected by this measure. Canada escaped from the duty wave announced Wednesday by Trump. However, the largest US trading partner in the US had already been targeted by additional American steel and aluminum duties, while in the morning car exports to its southern neighbor are subject to 25%duties. As soon as this measure came into force, the fifth largest automaker in the world, Stelandis, announced that it will suspend the operation of its plant in Ontario, Canada for two weeks. The trade war that Trump started “will disturb the world economy”, […]
Source: News Beast
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