Japan-based auto makers have been lobbying for more than two decades for the elimination of Canada’s tariff on vehicles imported from outside North America. They finally got their wish Monday.
The 6.1-per-cent levy will be phased out over five years if the Trans-Pacific Partnership (TPP) trade agreement is ratified, providing a level playing field for Japanese auto makers with competitors from South Korea and Europe.
There is very little reason for the auto industry to have a presence in Ontario any longer.
Manufacturing has migrated to right to work states and Mexico.
Wynne’s job killing government will see off most of what’s left.
And forget about that 6.1% levy being passed through as a price reduction, increased transportation costs of new Corolla’s from Mexico will eat that up.