Canada watches Washington as Trump plans to go ahead with steel, aluminum tariffs on EU
READ MORE
Ottawa is implementing more anti-dumping measures to prevent foreign steel and aluminum from being dumped into the North American market, just hours before the Trump administration decides whether to slap Canada with punitive duties.
But it might be too little too late.
The Washington Post reports the U.S. plans to impose steel and aluminum tariffs on imports from Canada, Mexico and the European Union.
Trump announced in March that the United States would slap a 25 per cent tariff on imported steel and a 10 per cent tariff on imported aluminum, citing national security interests. He granted an exemption to his North American Free Trade Agreement allies and the EU, but that expires Friday.
Finance Minister Bill Morneau said in a statement late Wednesday that Canada has expanded the scope of its country of origin marking regime for steel and aluminum products to better determine where they come from.
The government has already granted Canada Border Services Agency more powers to identify businesses that try to avoid import 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 tariffs comes in symphony with its European allies who are also trying to stop the U.S. from hitting them with tariffs this week. Both Trudeau and French President Emmanuel Macron made their cases separately to the U.S administration.
European and U.S. officials also tried to find a last-minute solution during meetings in Paris on Thursday.
“Realistically, I do not think we can hope” to avoid either U.S. tariffs or quotas on steel and aluminum, said Cecilia Malmstrom, the European Union’s trade commissioner.
She’ll meet with U.S. Trade Representative Robert Lighthizer alter today.
Article source: http://www.france24.com/en/20180506-macron-france-foreign-policy-one-year-trump-planet-great-again-eu-merkel
Comments
Post a Comment