There will be many pain in Canada in the United States and most likely, “said Kornell University Art Wheaton
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Ottawa – instead of making the US car industry, protectionist tariffs will touch the period of chaos, instability and growing prices, an American academic.
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Canada and the world is preparing for US President Donald Trump for us, the director of the Construction Wheaton – Industrial and Labor Relations School – I hope at Cornell University of New York This Toronto Sun The rough walk of the US local car market.
“In terms of the US market, about 50% and 50% imported in the United States,” he said.
“It is not necessarily the importance of ready-made products with this tariff – this is the value of every individual.”
German car manufacturer BMW, for example, with PowerTrains imported from Germany, collects most of SUVs and crossovers in SC, SC in SC.
“Although the vehicle is collected in the United States, all of these engines and transmitters will hit this tariff,” he said.
“It will hit Volkswagen, it will hit everyone because they don’t really have a freedom because they are originally declared. Every country will take these tariffs.”
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The situation is even worse along the borders of Canada and Mexico – parts, components and completed vehicles can be repeatedly crossed the border and add tens of thousands of dollars to the price of new vehicles with tariffs.
At the same time, the car tariffs have a positive impact on the automotive industry, wheat, imported apples and light trucks added to 60-year-old “Chicken Tax”, which added a 25% tariff.
“If (tariffs) can have a permanent, long-term veneping effect for everyone,” he said that these effects will continue to reduce the office for four years.
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“It means a lot lost job in a short time. In the United States and most likely it will be a lot of pain in Canada.”
In general, it is not intended to provide a positive impetus to the tariffs, Trump.
“It affects the local economy, affects the used cars, affects rental cars, affect car insurance,” he said.
“It’s not just a small thing, really happening in the automotive sector next to the whole economy.”
bpassiforme@postmedia.com
X: @BryanPasifiume
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