Skip to main content

Canada to join Mexico, Japan, South Korea and the EU in auto tariff talks

Canada will join Mexico and European and Asian auto-producing countries this week to plot strategy ahead of the potential imposition of tariffs on vehicles and auto parts exported to the United States.

Japan and the European Union organized the meeting for Tuesday in Geneva, where vice and deputy ministers from Canada, the EU, Japan and South Korea will gather to talk about the punishing levies threatened by U.S. President Donald Trump.

A Canadian government official told The Canadian Press on Sunday that deputy international trade minister Timothy Sargent would attend the meeting on Canada's behalf.

Trump has threatened to impose tariffs under Section 232 of the decades-old U.S. Trade Expansion Act. The legislation allows the president, under certain circumstances, to impose duties recommended by his commerce secretary under the notion that the goods being imported are a threat to national security.

Just as it did after the U.S. imposed hefty tariffs on steel and aluminum imports from Canada and other nations, the Trudeau government has said it would respond to auto tariffs with its own countermeasures.

The Canadian Automobile Dealers Association has warned that "dollar-for-dollar" retaliatory levies would have a much more significant effect on Canada's auto sector than counter-tariffs on aluminum and steel.

This is from the 29 July 2018 edition of CBC News.

Topic(s)

Trade Agreements
International Trade and Border Management

Information source

Canadian News Channel
Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.