A trade war is upon us. Canada must endure short-term pain, look beyond U.S. and open up dairy, telecom

March 15, 2018

Though Canada has secured CETA with Europe and a signed a revamped TPP, businesses remain stubbornly dependent on the market south of the border

Turbulent NAFTA talks with the United States could prompt Canada to more urgently pursue new export markets and to boost competitiveness by opening up protected industries, say trade experts.

Canada’s newsprint industry became the latest target of tariffs this week when the U.S. Department of Commerce imposed preliminary anti-dumping duties averaging 22.16 per cent on producers that ship south of the border. The new levies were in addition to preliminary countervailing duties of an average 6.53 per cent – raising the total tariff to 28.69 per cent.

The blow to newsprint producers came on the heels of similar levies on solar panels and the looming threat of tariffs of 25 per cent on steel and 10 per cent on aluminum. The United States has temporarily exempted Canada and Mexico from the steel tariffs pending the outcome of the NAFTA talks....

This was excerpted from the 15 March 2018 edition of the Financial Post.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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