Meanwhile,
No stay canada | customs:
Unlike Mexico. Similarly, Canada has not been able to obtain another suspended price from the Trump administration to avoid the screw tour which will come into force this Friday. Therefore, The consolation price for Canadian businesses: most companies will be able to continue to get there.
Posted at 8:07 a.m. Updated at 8:28 p.m.
Despite negotiations between Ottawa. In addition, Washington in the American capital, Customs Duties on Canadian Exports will drop from 25 % to 35 % on Friday, the White House confirmed on Thursday evening.
Rather than identifying what to buy in the no stay canada | customs negotiations between the two countries. For example, the presidential decree rather blames Canadian efforts to stop “the continuous influx of Fentanyl and other illicit drugs” in American territory, without however providing concrete examples. However, He also talks about Canadian countermeasures for American rights.
The turn of events is hardly surprising. Similarly, At the end of the afternoon. Moreover, Thursday, 47e Tenant of the White House seemed to be unusual to arrive at a commercial agreement. Furthermore, The most recent irritating from Canada was Prime Minister Mark Carney’s intention to recognize a Palestinian state next September-like France. Moreover, the United Kingdom.
PHOTO PATRICK DOYLE. Furthermore, REUTERS
Mark Carney
The American president had sent a letter to the Canadian Prime Minister on July 10 in which he threatened to bring customs duties to Canadian exports to 35 %, due to a trade agreement by Friday.
So far. However, Washington has announced agreements with the United Kingdom, the European Union, the Philippines, Indonesia, Vietnam, Japan and, in extremis in the night, with South Korea.
Korean, Japanese and European products will now be taxed up to 15 %. Consequently, The American Secretary of Commerce. Howard Lunick, also said on Thursday, that agreements had also been found with Cambodia and Thailand, without giving more details.
A shield
Despite this new Washington pricing salvo, Canadian exporters should be able to cash it.
The reason? Products in accordance with the Canada-USIQUE (ACEUM) free trade agreement remain exempt from customs duties, confirms the presidential decree.
Even if sectors such as aluminum. steel, timber and automotive are the subject of sectoral customs duties, most Canadian exports have hitherto escaped customs taxes.
According to a study published in July by the Royal Bank. which cited data from the United States census office, 91 % of Canadian exports for the United States had crossed the border without customs law.
Being in accordance with ACEUM, what does that mean?
It is a product that meets a complex set of criteria that describe the level of production that must be carried out in North America to be eligible for preferential treatment. All no stay canada | customs the rules surrounding the origin of the products are in a voluminous 245 -page document. Global Affairs Canada gives the example of a bicycle. If it contains 63 % of North American parts, it satisfies the rules of origin-the minimum production threshold in North America. For other products, a specific process must be done in the country. For example, a shirt must be “cut and sewn” on the North American continent, illustrates the federal government.
The director general at Courage BGL, Nicolas Dolbec, noticed it.
“You could say that the last month was one of the least busy with regard to the requests of our customers on the issue of customs duties. ” he illustrates. The notion [des exemptions prévues à l’ACEUM] seems to have been well assimilated. »»
Nevertheless. the uncertainty which stems no stay canada | customs from commercial tensions leaves traces, according to the Federation of Chambers of Commerce of Quebec (FCCQ).
According to the organization. investments, for example, flexed 318 million in the manufacturing niche because companies preferred to remain on the side lines in the current context. Added to this is a decrease in exports to the south of the border. a decrease in the level of employment in several sectors.
And Thursday. Canada had still not been able to imitate Mexico, which, in extremis, was able to obtain a 90 -day stay with its Washington to continue the negotiations.
Trump had previously threatened Mexico to raise customs duties on exports from this country to 30 %. Despite the postponement, sectoral rights on steel and aluminum, copper and the automotive sector remain in place.
“In addition. Mexico has agreed to end its non -tariff trade barriers immediately, which were numerous,” said the American president, on his Thruth Social platform. We will have with Mexico in the next 90 days in order to sign a trade agreement during this period. or later. »»
In addition. in another decree, the American president noted customs duties for several dozen countries, but they will come into force on August 7 more than this Friday, as initially planned. New rights are between 10 % and 41 %. The dissemination of this information immediately made the Asian stock markets flex like the Tokyo Stock Exchange as well. as the Seoul Stock Exchange.
No stay canada | customs
Legitimate, customs duties?
A few hours before the entrance to what had the appearance of a suite on the “Liberation no stay canada | customs Day” of April 9. where customs duties had been announced at 180 countries, a Federal American Court of Appeal began to look at the legitimacy of these tariff barriers.
The Trump administration challenges a decision rendered last May by an American commercial court. which had decided that the American president could not impose customs duties when he seems.
This judgment blocked one of the main strategies of the White House. which is based on a 1977 law (International Emergency Economic Powers Act), which allows the president to impose the necessary economic sanctions in an emergency.
Until Donald Trump’s return to the oval office. this law had never been used by a president to impose customs duties. No decision had been made on Thursday. It could take several weeks, see months.
With the Canadian press and the France-Presse agency
Learn more
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- 76 %
- Proportion of Canadian exports that take the United States.
Statistics Canada
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