This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
Canadian Prime Minister Mark Carney announced 25% customs duties on all imported vehicles from the United States on Thursday that does not comply with the free trade agreement between Canada, the United States and Mexico (ACEUM).
This decision comes after the tax by Washington of 25% customs tariffs on vehicle imports.
Constitutes will not affect automotive parts as well as content from Mexico, the Prime Minister said at a press conference in Ottawa, adding that the revenues generated will finance assistance programs for workers and affected companies.
“Each dollar harvested, about eight billion dollars before discounts, will go directly to our automotive workers and to companies affected by these customs duties,” said Carney.
The Prime Minister said that an executive will be set up to allow car producers to avoid counter-trials, provided they maintain their production and investments in Canada.
“We are going to fight against these prices until they are withdrawn,” he added.
US President Donald Trump imposed a first series of customs prices on Canadian products in early March, including steel and aluminum, two neuralgic sectors for Canada’s economy. Additional 25% prices on vehicle imports entered into force this Thursday.
In 2023, Canada produced 1,537,111 vehicles, 93% of which were exported to the United States, for a total value of $ 51 billion, according to Statistical Canada.
The Canadian automotive industry manufactures approximately 8% of vehicles produced in North America and for more than thirty billion dollars each year of automotive parts that supply Mexico, Canada and the United States assembly factories.
