New rates on Canadian products apprehended in boiler-appalanches

The fateful date is approaching. If no agreement is concluded in the coming hours, the Trump administration will impose 35 % tariffs on Canadian products exported on Friday. The Grand Lévis Chamber of Commerce and Industry retains its breath. Among her concerns, she fears the exodus of certain companies to the United States to the taxation of these new customs duties.

Unlike Mexico, which has just obtained a new 90 -day stay, Canada, such as dozens of other countries, could deal with a new salvo of prices from 1^is august.

These customs duties will be applied to Canadian exports that are not part of the Canada-US-Mexico (ACEUM) agreement. Thus, according to the most recent public data, those in May, around 90 % of Canadian products crossed the border without being subject to it.

Steel, aluminum and copper, already struck by 50 %prices, will also be exempt from the new Salve of August.

In any case, members of the Grand Lévis Chamber of Commerce and Industry are concerned. According to them, the consequences will be important. So important that some may be tempted to relocate their activities to the United States To bypass the effect of pricesfears Marie-Josée Morency, President and CEO of the Chamber of Commerce.

What worries me the most is the exodus of our Canadian and Quebec companies to the United States.

It is impossible, however, to quantify the number of members who are seriously thinking of leaving the country to settle south of the border, she admits.

It is in this context that Marie-Josée Morency insists on the importance ofAceum. The free trade agreement, it must be protected, it must be seal. It is still 90 % of our exports that are part of ithammers the CEO of the Chamber of Commerce.

Uncertainty is a price in itself

The concern is also felt in Beauce.

It is a period of uncertainty and uncertainty, it is a price in itself because it hurts investments, it hurts predictability. We already have hundreds of lost, relocated jobs, launching in the region since Februaryrecalls Samuel Poulin, deputy of Beauce-Sud.

We do not get used to the uncertainty caused by the American president.

Besides, Thursday, Donald Trump added. The American president warned Canada that his intention to recognize the Palestinian state “will greatly complicate” the conclusion of a trade agreement.

A declaration reassuringaccording to Mr. Poulin. At the beginning, we were talking about border drugs, migrants and there, we are returned to the Israeli-Palestinian conflict. For an entrepreneur in his factory, it is very difficult to line upsuits the Caquist MP.

To help the entrepreneurs affected by the prices, the deputy asks Ottawa to redistribute the money generated by the counter-tale, but who sleeps in the chests of the federal government, according to him.

This amount amounts to only $ 1.51 billion for the months of April and May.

There is a certain urgency on the part of the federal government to give this money to companies because the principle of a counter-tail is to reinject ithe says. This boost would do a lot of good to businesses.

With the information of Philippe l’Heureux