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Canada imposes tariffs on US goods in retaliation

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Canada is to impose tariffs on American imports in retaliation for the recent decision by the US to levy a 10 percent tax on Canadian aluminum imports.

Canada’s deputy prime minister Chrystia Freeland says that the tariffs would match the US taxes “dollar for dollar”, according to a story on Manufacturing.net.

President Donald Trump (main picture) has been expressing his dissatisfaction with the terms of the North American Free Trade Agreement since coming to office and at one point wanted to take America out of it. [Read more…] about Canada imposes tariffs on US goods in retaliation

Daimler Trucks confirms ‘significant increase’ in unit sales worldwide

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Daimler Trucks claims it is seeing a “significant increase” in unit sales across many key regions around the world.

As part of its Capital Market & Technology Day, Daimler Trucks today confirmed its positive outlook for unit sales and earnings before interest and taxes (EBIT) and remains optimistic about its outlook for the current business year.

In the Trucks division, the world’s most successful manufacturer of commercial vehicles anticipates a significant increase in unit sales and EBIT compared with the previous year.  [Read more…] about Daimler Trucks confirms ‘significant increase’ in unit sales worldwide

Huge reboot: What Trump’s aversion to trade blocs could mean for the US robotics, automation and manufacturing industries

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The US automotive manufacturing industry is probably going through some angsty times right now, what with president-elect Donald Trump reiterating his campaign pledge to repeal or at least renegotiate the Trans-Pacific Partnership, the North American Free Trade Agreement, and any other free-trade deal previous administrations have signed up to. 

For a highly globalised industry like the automotive sector, which sources parts from all over the world and may assemble its vehicles in any number of countries simultaneously based on a common platform, this is perhaps one election promise which it would rather not be kept.

However, Trump has already produced a presidential address style video in which he says: “I am going to issue a notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country.

“Instead, we will negotiate fair, bilateral trade deals that bring jobs and industry back onto American shores.”  [Read more…] about Huge reboot: What Trump’s aversion to trade blocs could mean for the US robotics, automation and manufacturing industries