Canada announces new reciprocal surtaxes on USA steel, aluminum

Adjust Comment Print

Retaliatory tariffs on C$16.6bn worth of United States products are due to come into effect on July.

The National Cattlemen's Beef Association said that $170 million in US beef products would be hit by these tariffs.

As part of the $2-billion aid package for the steel, aluminum and manufacturing industries, Ottawa will provide liquidity support to affected businesses and increase jobs and training funds for workers in provinces and territories affected by the tariffs.

The measures targeting 16.6 billion Canadian dollars ($ 12.6 billion) in USA steel, aluminum and consumer goods will take effect on Sunday when Canadians across the country will be celebrating a national holiday and just days before Americans celebrate their independence.

"We look forward to working closely with the government to implement further supports for workers as needed", said Yussuff.

The final list of which American goods will face new tariffs in retaliation for steel and aluminum levies announced last month by the Trump administration is expected to be made public on Friday morning.

"Our approach is we will not escalate, but equally we will not back down", Freeland insisted.

"I think that prediction has been borne out", she said.

Canadian officials say the tariffs will target U.S. steel and aluminium products as well as items such as yoghurt, ketchup and orange juice, which are made in key political battlegrounds states such as Wisconsin, Pennsylvania and Florida.

Two days before Canada's retaliatory tariffs against U.S. steel, aluminum and some consumer goods are set to take effect, Prime Minister Justin Trudeau spoke with U.S. President Donald Trump by phone explaining Canada had no choice but to act. "While our goal remains a return to the free, open and fair trade which has fostered strong supply chains in North American steel for a generation, today's announcement is a vital step in protecting Canadian businesses and workers from undue harms being suffered as the result of the Trump Tariffs".

Roland Paris, a professor of global affairs at the University of Ottawa and a former foreign policy advisor to Trudeau, says no one wins in a trade war that could cost tens of thousands of jobs. -China trade dispute. Canada sends three quarters of its exports to the United States, so any slowdown in American growth will affect Canada.

Since then, the Tories have launched their own "defend local jobs tour", to hear from workers and businesses impacted by the tariffs and threats of further trade action; while the NDP got unanimous consent from all sides in the House of Commons to pass a motion backing Canadian steel, aluminum, and supply management sectors, while condemning "disparaging ad-hominem statements by US officials".

In response, the European Union has developed a list of products it may subject to retaliatory tariffs. In Ottawa, officials and others have declined an invitation to the United States ambassador's annual July 4th party.

"I've politely declined because I'm not happy with the direction of the American government and their constant attacks on our country", Mr. Watson said.

While Trump stated the plan was implemented to protect, the move has enraged some of the country's main trading partners, which have replied in kind.

But relations between these two neighbours have plunged to their lowest in decades. The CSPA will continue to work with the Government on appropriate responses to this challenge, including safeguards where appropriate for a wide range of steel products. Freeland took note, saying this was "self-evident".

Canadian steel is used in American tanks, and Canadian aluminium is used in American planes.

The Canadian Steel Producers Association says the US and Canada exported roughly the same amount of steel to each other in 2016.