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Gordon Chevrolet Used Cars, Car, Parts Companies Exhale, but Not Everyone’s Thrilled by USMCA – Canadian drivers are convinced that they will continue working next year with the Free Trade Agreement between the United States and neighboring areas on Sunday night to maintain the car manufacturing space. Country.
Last week, when no trade negotiations took place in practice, President Trump repeated his threat to set 25 percent of Canadian auto tax. Such a course could easily destroy 160 000 jobs in the automotive and supply sectors; maybe more
The fact that the industry works well does not mean that the future is bright.
Gordon Chevrolet Used Cars
Steel and aluminum charges are still being imported into the United States, including Canada. It is clear that it is a battle that has to be done another day. Trump argues that tariffs (25% of steel and 10% of aluminum) can be replaced by import quotas.
However, the Canadian leaders and their trade union chair feel happy, perhaps even more. According to Bloomberg, Canadian automakers, including Magna International, have witnessed the wind that finally exploded today. Most are involved. The fact that new rules on content have now been set up for the country, the NAFTA rule, which has a territorial content of 62.5%, is now 75%.
The agreement cleared the 2.6 million Canadian US-built vehicles, which should not be a problem. The country currently carries about 1.8 million cars a year from Honda, Toyota and three car manufacturers in Detroit. It is even unlikely that Canada will exceed the number of depressed people because of the long-term health of the country.
The Car Research Center says the Canadian automotive industry is expected to fall to 135,000 in 2016-2020. In Mexico, where salaries are lower, in spite of the stricter rules of the USMCA, on the contrary, it is true. The country is expected to create 850,000 new vehicles during this time.
No tripartite agreement will change the fact that it is more expensive to build cars in Canada. Do not forget that the village once lived at the Studebaker factory.
“In these countries should not reduce the costs of these three countries, and compared to other countries, these three countries are likely to be less competitive in the long term,” says Nova Scotia Bank’s Deputy Lecturer Bloomberg. . DesRosiers Automotive Consulting’s Dennis DesRosiers has contracted a lot of dust with a lot of drama. He added that larger territorial content could entail additional costs for all North American car manufacturers, which will reduce efficiency.
South America is often called as a competitor who has the most benefit from a new activity, and Trump was just looking for it. Nevertheless, the leaders of these countries won.
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