The Globe and Mail reports in its Tuesday edition that global auto industry representatives are warning about the potential negative impact of a trade deal between the European Union and the United States before the Aug. 1 deadline for an agreement with Canada. The Globe's Eric Atkins writes that the United States and EU announced a 15-per-cent tariff on EU cars while Europeans will invest $600-billion (U.S.) in the U.S. The tariff is lower than the 30 per cent initially threatened but significantly higher than the previous 2.5 per cent. U.S. cars will not face new tariffs, while European steel will remain at 50 per cent. Mr. Trump also reached a similar deal with Japan, leading to complaints from U.S. automakers about unfair treatment regarding tariffs on non-U.S. content. The American Automotive Policy Council has issued similar complaints about the 10-per-cent tariff President Donald Trump imposed on British-made cars. Global Automakers of Canada (GAC) said the EU and Japan tariff rates signal a disparity in the way Canadian-based automakers are being treated by the U.S. A GAC representative said it makes no sense that 50 per cent of the value of Canadian-built vehicles is American content.
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