Automakers: New Tariffs Could Force Job Cuts

Conservative MP Maxime Bernier talks with media in Ottawa on Wednesday

Conservative MP Maxime Bernier talks with media in Ottawa on Wednesday

Mazda Motor Corp. became the latest auto company to condemn the Trump administration's plans for potential vehicle import tariffs, saying such duties would hit both the industry as well as USA consumers.

On Friday, the government revealed its edited list. A WTO official said Friday that the organisation has not heard from the USA about reconsidering its membership.

Freeland has insisted that Canada introduced stronger safeguards on steel well before the USA imposed the tariffs.

Most likely even more tariffs. "Tariffs will lead to increased producer costs, increased producer costs will lead to increased vehicle costs, increased vehicle costs will lead to fewer sales and fewer tax receipts, fewer sales will lead to fewer jobs, and those fewer jobs will significantly impact many communities and families across the country".

Trump says his tariffs are created to protect domestic industries that have been hammered by an unfair global trading system.

Ohio-based trade lawyer Dan Ujczo said he believes there's a significant chance Trump will introduce auto tariffs to some degree, although he predicted they could target the European Union rather than Canada. "That will enable us to make our best informed recommendation to the President", the statement said.

As temperatures and tensions increase, the measures targeting Can$16.6 billion (S$17.21 billion) in USA steel, aluminium and consumer goods will take effect on Sunday, when Canadians celebrate a national holiday and just days before Americans celebrate Independence Day amid a heatwave expected in both countries. "It would change the calculus", he said. "Working in partnership with industry and business associations, we will provide capacity support to assist Canadian companies tap into the new markets now uniquely open to them in Europe, Asia and around the world".

"I think the World Trade Organisation is another group that he's said we should take a look at". Business people warned Canadian lawmakers this week that an escalation into an all-out trade war would be devastating to the Canadian economy, which sends about 75 percent of its exports to the US.

"We believe the resulting impact of tariffs on imported vehicles and vehicle components will ultimately harm United States economic security and weaken our national security".

President Trump's tariffs on Canadian products and attacks against Prime Minister Justin Trudeau have prompted the mayor of Ottawa, the country's capital and fourth-largest city, to skip an invite-only Fourth of July party being held at the USA ambassador's residence next week.

Trump himself has already threatened to put tariffs on the automotive sector, which could prove far worse for the Canadian economy than the steel and aluminum duties.

Instead of additional tariffs, the administration should concentrate on reaching agreement with Mexico and Canada on a modernized North American trade deal, GM said.

Canadian Foreign Minister Chrystia Freeland gestures during a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico, March 5, 2018.

It plans two days of public hearings on July 19-20 and Commerce Secretary Wilbur Ross said last week he aimed to wrap up the probe into whether imported vehicles represent a national security threat by late July or August.

Freeland called it "the strongest trade action Canada has taken in the postwar era". "I think all of us, at this point, fully anticipate there will be some moments of drama in the future". "Candidly, the Canadian retaliation is a drop in the bucket compared to the retaliation that we're going to see from China and elsewhere".

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