Canada vows to protect metals sector but resists call for quick action

June 5, 2018

Canada’s government vowed on Monday to do all it could to protect its steel and aluminum sectors from U.S. tariffs but sidestepped an industry call to strike back quickly, saying it needed time to study the issue.

President Donald Trump’s administration last week imposed U.S. tariffs of 25 percent on steel and 10 percent on aluminum from Canada - the No. 1 steel exporter to the United States - as well as on Mexico and the European Union.

Canada retaliated against the latest punitive measures last week by proposing levies on C$16.6 billion worth of U.S. exports that would take effect on July 1.

Prime Minister Justin Trudeau met with steel executives on Monday and said: “We are going to stand up for our workers.”...

This has been excerpted from the 4 June 2018 edition of Reuters Canada.

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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