Canada introduces a 25 % duties on cars imported from the USA, not meeting the requirements of the Cusma agreement on free trade between Canada, the USA and Mexico – said the Canadian Prime Minister Mark Carney on Thursday.
In response to American customs duties to imported to USA cars, Canada It will introduce customs cars, but not on parts, because Canada is aware of the benefits of “integrated production system”. However, customs will be imposed on non -canada parts of American cars, if these parts do not meet the Cusma requirements. The decision was announced by the Canadian Prime Minister Mark Carney.
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– duties will not be applied to cars imported to Canada with Mexico Carney explained during a press conference. He added that the government is preparing a plan to support car manufacturers in Canada, the condition will be to maintain production.
Carney said that all funds from Canadian duties would be transferred to help companies and employees of the automotive sector. The government estimates that it will be 8 billion Canadian dollars a year.
Source of the main photo: sxc.hu