Canada will fight Trump tariffs on steel, aluminum and cars • Economics and finance • Forbes Mexico

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The Canadian Prime Minister Mark Carney said that although the measures announced on Wednesday by the US president Donald Trump preserve “important elements” of the bilateral relationship, Canada will fight the tariffs that are maintained for the sectors of the steel, aluminum and automobile.

Carney declared that “from this night, tariffs on the automobile sector will enter into force and EU has indicated that there will be additional taxes in strategic sectors,” which will impact “directly millions of Canadians.”

The Canadian Prime Minister, on the way to meet with his cabinet and analyze Trump’s tariffs, added: “We are going to fight these tariffs with countermeasures. We will protect our workers and we will build the strongest economy of the G7”.

Trump announced that he will apply a 10% base tariff to almost all of the world, a figure that increases in the case of several dozens of countries. For example, the European Union (EU) will be subject to tariffs of 20% and China of 34%.

Lee: Trump extends tariff pauses on goods of Mexico and Canada covered by the TMEC

Canada and Mexico, the two countries that together with the US form the TMEC Free Trade Agreement, have avoided the new wave of tariffs; However, those of 25% are maintained that Trump imposed previously to the Canadian steel, aluminum and car.

The Trump administration justified those taxes due to the flow of migrants and fentanyl from Canada, although in both cases the quantities are almost insignificant.

Carney affirmed that the global tariffs announced today are “a series of measures that will fundamentally change the international trade system.”

The Canadian leader added that maintaining “Fentanyl tariffs” to Canada and Mexico will have a negative impact on the US economy that in turn will have an impact on Canadian society. EFE

With EFE information

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