Canada: Trump Import Tariffs impact

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The US President gave warning of raised import tariffs on Mexican exports to the United States. He also made an indication that Canadian exports could be subject to the same tax treatment. He said that he would impose 35% import tariff from multinational companies situated in US, especially motor industries in Mexico. He also pointed out on US trading arrangements in Mexico under the North American Free Trade Agreement (NAFTA). In other words, Canada would be directly engaged in any such future reconciliation, the close links between its motor company and the US could also be unprotected. Any warning on Canadian exports tariff could trigger US multinationals (such as general motors and ford) to reconsider their current manufacturing facilities in Canada.

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