“On Thursday, July 31, US President Donald Trump signed a decree on Canadian duties from 25% to 35% for all products that do not fall under a trade agreement between the US, Mexico and Canada. Source: White House, European Truth Details: As it is noted, goods that are overloaded to another country in order to avoid new duties will be covered by a 40%reloading fee.”, – WRITE: www.pravda.com.ua
Source: White House, “European Truth”
Details: As it is noted, from now on, goods that are overloaded to another country in order to avoid new duties will be covered by a 40%reloading fee.
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This step Washington was partially associated with the fact that Canada did not stop fentanyl smuggling.
On Friday, August 1, Carney in the morning was disappointed by Trump’s decision.
“Although the Canadian government is disappointed with this step, we remain committed to CUSMA (the agreement between Canada, the United States and Mexico – Ed.), Which is the second largest trade agreement on free trade in the world,” said Canada Prime Minister.
Karney noted that the US duties and tariffs would greatly affect wood, steel, aluminum and cars, and promised to take steps to protect Canadian jobs, the purchase of Canadian goods, investments in the competitiveness of industry and diversification of export markets.
He noted that the United States justifies their latest trade measures by the cross -border circulation of Fentanyl, despite the fact that “Canada accounts for only 1% of fentanyl imports to the United States and that it is intensively working on further reduction of these volumes.”
“The Government of Canada makes historical investments in border security for the purpose of detention of drug dealers, the elimination of transnational groups and the termination of illegal import of migrants,” the Carney emphasized.
Last week, Trump stated that trade talks with Canada were not a priority for his administration, and instead of concluding an agreement, he could decide to simply leave existing import duties.
And on July 31, Trump said Canada’s willingness to recognize Palestine as a state would complicate Canadian-American negotiations on new conditions of trade.
He also stressed that although Canada will continue negotiations with the United States on trade relations, the country’s government is focused on the fact that it “can control: the construction of strong Canada.”
“The federal government, provinces and territories work together to eliminate trade barriers to build a single Canadian economy,” he added.
On June 27, Trump said it was terminating all trade talks with Canada after it began to introduce a tax on digital services against US IT giants.
A few days later, the Government of Canada announced the restoration of trade negotiations with the United States after Canada abolished its taxation plan for US technology companies.