#GlobalNews: « Canada to affix Mexico, EU and different main auto-producing international locations to plot technique in opposition to tariffs – National  » #Toronto #Montreal #Calgary #Ottawa #Canada


OTTAWA – Canada will be a part of Mexico and different European and Asian auto-producing international locations this week to plot technique forward of the potential imposition of tariffs on autos and auto elements exported to the United States.

Japan and the European Union organized the assembly for Tuesday in Geneva, the place vice and deputy ministers from Canada, the EU, Japan and South Korea will collect to speak concerning the punishing levies threatened by U.S. President Donald Trump.

READ MORE: Canada to host assembly on World Trade Organization reform, however with out U.S. and China for now

A Canadian authorities official informed The Canadian Press on Sunday that deputy worldwide commerce minister Timothy Sargent would attend the assembly on Canada’s behalf.

Trump has threatened to impose tariffs beneath Section 232 of the decades-old U.S. Trade Expansion Act. The laws permits the president, beneath sure circumstances, to impose duties advisable by his commerce secretary beneath the notion that the products being imported are a risk to nationwide safety.

WATCH: Auto business braces as U.S. threatens potential tariffs

Just because it did after the U.S. imposed hefty tariffs on metal and aluminum imports from Canada and different nations, the Trudeau authorities has mentioned it will reply to auto tariffs with its personal countermeasures.

The Canadian Automobile Dealers Association has warned that “dollar-for-dollar” retaliatory levies would have a way more important impact on Canada’s auto sector than counter-tariffs on aluminum and metal.

READ MORE: How Trump’s tariffs are hurting Americans

Critics warn the potential tariffs of as much as 25 per cent, plus retaliatory measures, might add hundreds of {dollars} to the value of a automobile, kill jobs and trigger important hurt to the worldwide auto business.

But auto elements makers have mentioned Canada and different international locations would have little selection however to reply in type to any U.S. commerce actions.

WATCH: Trump’s auto tariffs might influence Canadian customers

Trump ordered the Section 232 investigation of auto imports on May 23. It’s not clear when the probe shall be accomplished, though the one launched final yr into metal and aluminum took a number of months to concern its conclusions.

While the Geneva assembly is just preliminary, it might result in a co-ordinated response amongst auto-producing nations outdoors the U.S.

READ MORE: Canada’s new export minister says we now have different choices than the U.S. with regards to commerce

“The meeting is meant to bring together major auto-producing nations so we can discuss our concerns over the U.S. Department of Commerce’s section 232 investigation of automobiles and parts,” mentioned the Canadian official, who was not approved to talk publicly concerning the gathering.

Sargent was additionally scheduled to fulfill with World Trade Organization director normal Roberto Azevedo Tuesday, based on the WTO’s web site.

Note: « Previously Published on: 2018-07-30 08:20:07, as ‘Canada to affix Mexico, EU and different main auto-producing international locations to plot technique in opposition to tariffs – National

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