Date: 3 months ago   Category: Economy

Trump has prepared a trick for Mexico


Donald Trump
Trade arrangements between the USA and Mexico which the countries have reached on August 27 contain additional conditions. Washington will be able to introduce increased taxes on the cars manufactured in Mexico at achievement of a certain threshold of import, Reuters with reference to sources in the automobile industry in both countries writes. According to the agency, the agreement provides that import of the cars assembled in Mexico to the USA shouldn't exceed 2,4 million pieces a year. For auto parts the limit equals to 90 billion dollars a year. In this case production won't be imposed taxes, otherwise customs duties will be able to reach 25 percent. This condition is stipulated in the additional document to the main agreement about which existence wasn't reported earlier. Whether there are any additional restrictions for other types of the Mexican goods delivered in the USA so far it is unknown. Materials on teme00:11 — the Second a frontssha lose on June 28 billions because of trade war. Rossiyapo to data of the Mexican autoindustrial association wins, the volume of export of cars to the USA in the first quarter 2018 was 600 thousand pieces that is 5,3 percent more, than for the same period of last year. In annual terms this figure equals 2,4 million cars, that is at preservation of present rates of deliveries of duties it will be possible to avoid. Achievement of arrangements between Washington and Mexico City became known on August 27. Then it was reported that two countries will keep the free trade zone, however will a little toughen conditions in comparison with the North American agreement on free trade (NAFTA) of 1992. In particular, the level of localization of the cars made in the territory of any of two countries is increased from 62,5 to 75 percent. Also Mexico has agreed to liquidate special body which considered complaints to the anti-dumping duties introduced by the USA. The agreement doesn't include yet Canada which was a participant of NAFTA, however it was offered to it to join him or to sign the separate document with the USA. It is more than important news in Film of Day Telegram-channel. Subscribe!

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