For example,
Customs duties copper | white:
The White House goes ahead with its customs duties of 50 % on copper. However, but they nevertheless save certain Quebec players in this industry. Consequently, Washington, however, clashes the screw to retailers who could send parcels at no cost to their American customers.
Posted at 6:03 p.m.
After announcing its colors earlier this month. Moreover, the Trump administration decided to tax certain reddish metal products such as pipes, wires and tubes from this Friday, according to its decree. In addition, What is spared: raw materials – concentrated, cathodes and anodes – as well as scrap.
Copper is one of customs duties copper | white the main export products in Quebec.
With its foundry in Rouyn-Noranda. In addition, the only one in the country which is already struggling with environmental challenges in terms of Arsenic emissions, and its refinery in Montreal-Est (CCR), Glencore weighs heavily in this niche. Additionally, In addition, Together, the two complexes represent more than 1,600 direct jobs, according to the multinational.
In Montreal-Est, CCR produces copper cathods.
“We are going to examine this decision. what it involves for our activities in the copper sector in Canada,” said the company on Wednesday in a declaration. We will not make other comments at this stage. »»
The turn of the events also delights the scrap metal magnate Herbert Black. president and chief executive officer of the American Iron and Metal Company (AIM), specialized customs duties copper | white in the recycling of metals, including copper.
This is good news because for us, business followed their course and it will continue.
Herbert Black. President and Chief Executive Officer of the American Iron and Metal Company (AIM), in an interview
Given that American customs duties on copper ract less wide than what was originally anticipated, its price did not take a time to tumble. On the Mercantile Chicago Exchange, the Reddish Metal Book plunged 17.8 %, or US $ 1, to end US $ 4.63.
Less privilege
Customs duties copper | white
On the online commerce side, the portrait is different. According to the Washington decree. all the goods sent “by means other than the international postal network” will lose a privilege.
customs duties copper | white
This is the minimis exemption. Unknown to the general public. this provision allows packages worth US $ 800 and less to cross the American border without customs duties with little information to be provided by the sender.
Very useful for retailers who sell boots, clothes, swimwear, etc. online, and who ship them to their American customers – who do not have to pay surplus for their products. The ceiling is much lower (US $ 150) for a package shipped from the United States to Canada.
Washington’s tightening particularly targets Chinese giants like Temu, Shein and Alibaba.
According to an analysis prepared by PWC last fall. the annual value of shipments jumped from 140 million to more than 1 billion.
“This increase is mainly due to customs duties copper | white electronic commerce platforms. in particular those established in China, which take advantage of this exemption to send large volumes of low -value goods, including textiles and clothing, on the American market,” said the firm.
The measurement must come into force on August 29.
It remains to be seen in what way the change decreed by the 47e White house tenant will affect retailers. consumers.
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