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Greg55_99
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What Trump's proposed auto tariff could mean for Canada
Jun 10th, 2018 at 8:18pm
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Even if NAFTA collapsed tomorrow, tariffs on Canadian and Mexican cars would only rise to the WTO-approved rate of 2.5 per cent — and it might still make economic sense to keep making the cars where they're made now.

After all, Ford has decided it's cheaper to make its next-generation Fusion in China and pay the tariff, rather than producing it tariff-free in the NAFTA zone.

But under Section 232, which allows Washington to cite "national security" to justify erecting tariff walls against imports, Canada and Mexico could face auto tariffs of 25 per cent.

That amount is likely high enough to change carmakers' calculations about Canada.

They could respond by moving production to the U.S., avoiding all tariffs. Or they could respond by building new plants in Asia, hoping to absorb the tariff by moving production to a low-cost environment.

In announcing the Section 232 probe on Thursday, U.S. Commerce Secretary Wilbur Ross said his department would look at whether imports "are weakening our internal economy and may impair the national security."

But the U.S. auto industry Trump says he is acting to protect came out quickly against the proposals.


http://www.cbc.ca/news/politics/trump-tariff-auto-nafta-1.4679072

Now, if you don't think US auto manufacturers won't shift some production to Asia, think again.  Harley Davidson just did exactly that.

Greg
  

"You want the TRUTH? You can't handle THE TRUTH!!"
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Jasmine
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Re: What Trump's proposed auto tariff could mean for Canada
Reply #1 - Jun 10th, 2018 at 8:40pm
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Are you actually concerned about Canada? Why?
  


President Trump turned you into a snowflake? Woman up!
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