US will slap Canada with steel and aluminum tariffs beginning at midnight
UpdatedU.S. will slap Canada with steel and aluminum tariffs beginning at midnightThe U.S. is slapping Canada with tariffs on its steel and aluminium imports effective at midnight tonight. U.S. Secretary of Commerce Wilbur Ross made the announcement during a call with reporters Thursday morning.
U.S. tariffs amount to 25% on imported steel and 10% on aluminumRolls of coiled steel at Canadian steel producer Dofasco in Hamilton on March 13. Ottawa is implementing more anti-dumping measures to prevent foreign steel and aluminum from being dumped into the North American market. (Tara Walton/The Canadian Press)
The U.S. is slapping Canada with tariffs on its steel and aluminum imports beginning at midnight.
U.S. Secretary of Commerce Wilbu r Ross made the announcement during a call with reporters Thursday morning.
President Donald Trump announced in March that the United States would impose tariffs of 25 per cent tariff on imported steel and 10 per cent on imported aluminum, citing national security interests.
He granted exemptions to his North American Free Trade Agreement allies and the European Union, but those all were set to expire June 1.
Ross said Canada's and Mexico's exemptions were hooked to the progress of the NAFTA negotiations, which "are taking longer than we had hoped."
He said there is some potential flexibility on the tariffs.
When it comes to potential retaliation, Foreign Affairs Minister Chrystia Freeland has said Canada will defend its industries and jobs.
- Can Morneau keep his G7 gathering from being entirely about Trump?
- Possible U.S. auto tariffs based on flimsy logic: Trudeau
- Trump: Canada an d Mexico 'very difficult' to deal with on NAFTA talks
Finance Minister Bill Morneau announced late Wednesday that the government would bolster its measures to prevent foreign steel and aluminum from being dumped into the North American market, but it appears to have done little to prevent the U.S.'s punitive duties
Prime Minister Justin Trudeau called Ontario Premier Kathleen Wynne, Quebec Premier Philippe Couillard and Saskatchewan Premier Scott Moe, all in regions with large steel and aluminum sectors, on Wednesday to talk about the upcoming decision.
The Prime Minister's Office said they "all agreed to continue to defend the Canadian steel and aluminum industry from unwarranted tariffs and to stand up for the best interests of all Canadian workers and businesses."
Canada's attempt to thwart the tariffs came in symphony with its European allies, who were also trying to stop the U.S.Both Trudeau and French President Emmanuel Macron made their cases separately to the U.S administration, while other European officials met with their U.S. counterparts in Paris on Thursday.
"Global trade is not a gunfight at the OK Corral," France's Finance Minister Bruno Le Maire said after meeting with Ross.
"It's not about who attacks whom, and then wait and see who is still standing at the end."Report Typo or Error|Send Feedback
- Find more popular stories