US President Donald Trump’s successive advertisements on deals that define the basic definitions of the European Union and Japan raises questions about whether a road map of Canada to follow up commercial talks.
Trump and European Commission President Ursula von der Lin Description of the bones of the agreement Sunday.
It determines 15 percent comprehensive customs tariffs on most European Union exports to the United States, as well as a commitment from Europe to invest $ 600 billion in the US economy and spend $ 750 billion on US energy products-although there is still a lot of next minute printing.
This makes it widely similar with Trump’s deal announced last week with JapanA tariff of 15 percent on the plane and the Japanese commitment to invest $ 550 billion in the United States
Trump threatened to hit Europe by 30 percent of the basic tariff and Japan by 25 percent on August 1, so both commercial blocks sell deals with victories.
Since Canada faces a 35 percent threat of customs tariffs on some goods on the same date, does this mean that Canada should aim for a similar agreement?
Certainly Prime Minister Mark Carne does not say that. When asked if any upcoming deal would be “on the field” for these 15 percent basic definitions, he emphasized the differences between the commercial relationship in Europe and Canada with the United States
“We are in a different situation, and for this reason these negotiations differ …
He said at a press conference on Prince Edward island: “Europe, in this agreement yesterday, has committed to the purchase of US energy,” he said at a press conference on Prince Edward Island. “America needs Canadian energy.”
When a reporter was asked whether Canada could see a similar trade deal with the United States as the European Union, which includes a 15 percent tariff, Prime Minister Mark Carney said Europe and Canada have different relations with the United States, especially because the United States needs Canadian energy.
The comprehensive tariff “It is difficult to accept Canada”
There are a lot of reasons that make the average corporate tariff by 15 percent not something to look at Canada, given that its economy is relatively dependent on the American market from Europe and Japan.
Canada should present its attention to a better deal than the European Union or Japan that has been negotiated because it is already integrated with the American economy.
“On a wide level, it will be very difficult for Canada to have a kind of comprehensive customs tariff,” Ohara said in an interview at the weekend with CBC News.
US President Donald Trump and European Commission President Ursula von der Lin announced the framework of a new trade deal that includes a 15 percent tariff for most of the European Union imports.
However, it seems that Canada does not actually face the possibility of definitions that are already on board. This is because it contains something neither the European Union nor Japan possesses: a real deal for free trade.
Trump’s tariff, “Emergency Valentine”, which is currently identified by 25 percent-which threatens to raise it to 35 percent on Friday-only those goods that are not compatible with the rules of origin in the Canada-USA agreement (CusMA).
This means The largest part of Canada’s exports to the United States They currently cross the tariff.
Steel and aluminum tariffs are a big question
This may be the reason that the liberal government in Carney does not feel the same kind of pressure as Europe and Japan to obtain a deal in the Table of Trump’s schedule.
He told CBC News: “In general, the average customs tariff for Canadian goods that enter the United States is less than anywhere in the world,” he told CBC News.
“The important thing for us is that the CUSMA Convention continues to keep it. Whether it is in the future, of course, is a basic question.”
The biggest exceptions to reach Canada, free from tariffs to the United States Steel and aluminumThe Trump global rate struck 50 percent as he tries to support this sector at home.
In its deals reached with the United States, the European Union or Japan are neither be removed from the hook from this tariff. While Canada is definitely affected by something better on steel and aluminum – like UK’s tariff of 25 percentIt is likely to go to scratch – European and Japanese agreements indicate that it will be difficult to achieve.
Carlo Dadi, Director of International Policy at the College of Public Policy at the University of Calgary, said that Canada is likely to face a similar tariff for Europe.
“The Americans have decided to reset the conditions of trade,” Dadi said. “The price of access to the American market is rising globally. It seems that everyone will have to pay a growing cost.”
There are many signs that indicate that the possibilities are small for Canada to reach a deal by Trump’s deadline on Friday: Carney said Complex conversationsBest Trade negotiating Reducing the importance of the deadline Trump says himself There may not be a deal at all.
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