U.S. firms need Canadian steel, aluminium and will be forced to pay tariff, says border expert

June 1, 2018

A border expert in Windsor says many U.S. firms rely on Canadian steel and aluminum, and at least initially, will pay the 10 to 25 per cent tariffs that come into effect Friday.

Laurie Tannous, special advisor to the Cross-Border Institute at the University of Windsor, spoke about the trade war with Afternoon Drive host Chris dela Torre Thursday.

"I think that eventually [U.S. companies] might be able to stabilize themselves, but our countries and our supply chains are so integrated that I think it's going to be very, very difficult at least in the coming months, if this even lasts that long," she said. "I think there's going to be a period of volatility and a lot of confusion and uncertainty."

Tannous suggested U.S. companies won't be willing to slow or shut down production while searching for domestic sources of steel and aluminum...

This has been excerpted from the 31 May 2018 edition of CBC News.

Topic(s)

Acts & Regulations

Information source

Canadian News Channel

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