Canada strikes back at United States steel and aluminium tariffs

02 July, 2018, 00:55 | Author: Roderick Gutierrez
  • Canada hits back at U.S. on tariffs, says it will not back down

The list adds up to about $12.6 billion US of goods - the equivalent of the value of Canadian items hit by USA tariffs.

"We will not escalate, but equally, we will not back down", Foreign Affairs Minister Chrystia Freeland said at a news conference in Hamilton on Friday.

Since then, the Tories have launched their own "defend local jobs tour", to hear from workers and businesses impacted by the tariffs and threats of further trade action; while the NDP got unanimous consent from all sides in the House of Commons to pass a motion backing Canadian steel, aluminum, and supply management sectors, while condemning "disparaging ad-hominem statements by USA officials".

Ms. Freeland said such a move would be "absolutely absurd".

"I think that prediction has been borne out", she said.

"We will not escalate, and we will not back down", Freeland said.

Canada announced Friday, June 29, billions of dollars in retaliatory tariffs against the response to the Trump administration's duties on Canadian steel and aluminum, saying Friday it won't back down.

Jim Watson, a Liberal Party politician serving as Ottawa's mayor since 2010, told reporters Thursday that he's boycotting the USA ambassador's annual Independence Day party over the Trump administration's recent anti-Canadian sentiments.

The US is also exposed to thousands of potential job losses, as higher costs for steel and aluminium hurt US firms and trigger retaliation from Canada and elsewhere. Products such as beer kegs, mustard and certain jams were removed from the final list, which otherwise doesn't stray far from an earlier proposal.

The list of products is meant to match "dollar for dollar" the U.S. tariffs, which came into effect on 1 June. While the government endeavoured to remove many such items, some remain, he said. -China trade dispute. Canada sends three quarters of its exports to the United States, so any slowdown in American growth will affect Canada.

"If things go bad for them, they go bad for us", he said. The EU imported €256.2 billion in goods from the U.S., and exported €375.8 billion.

Ottawa has proposed tools to offer financial aid to the companies affected by the tariffs.

For companies, Ottawa is promising up to $1.7 billion worth of financing and services for steel and aluminum industries through Business Development Bank of Canada and Export Development Canada.

Another $250 million will be assigned through the Strategic Innovation Fund to bolster the competitiveness of Canadian manufacturers and better integrate aluminum and steel supply chains.

For the latest dispute, the government intends to help affected workers by doubling the duration of work-sharing agreements under the employment insurance program to 76 weeks from 38 weeks.

The package is similar to last year's support for the softwood lumber sector, which was worth a combined $867-million. Our government stands shoulder-to-shoulder with our workers and the innovative, world-class products they produce.

"These retaliatory tariffs underscore the complete hypocrisy that governs so much of the global trading system", he said in a statement, and "do great damage to the multilateral trading system".

Findlay said a bigger concern than the tit-for-tat moves between the US and Canada is the repercussions of Trump's broader movement on trade, which has included tariffs aimed at China and countermeasures by the Chinese government.



Doncic: "I am excited to play with a legend like Dirk Nowitzki"
As an NBA scout told's David Aldridge: "If they use him the right way, it's going to be real hard for him to fail". Only two players who stayed all four years at college were taken in the first round, tied for the fewest seniors chosen.

Lionel Messi Surprises Reporter With His Heartwarming Gesture After Argentina’s Win
Indeed, Argentinian journalist Fernando Niembro has even accused the captain of taking over squad selection duties from Sampaoli. His efforts proved worthwhile after Marcus Rojo scored a late victor to seal Argentina's spot in the knockout stages.

Belgium striker Michy Batshuayi's celebration kick blows up in his face
The Chelsea striker scooped up the ball after Januzaj's goal and gave it a jubilant boot, possibly aiming for the back of the net. He then proceeded to do a normal throw-in to a team-mate, appearing to be rather embarrassed by the whole episode.

Trump to Harley-Davidson: 'We won’t forget, and neither will your customers'
Of course, Trump had something to Tweet about it and decided to make his opinion public. the president had a lot to say about it. Trump offered no clarity later in the day when he was asked about tariffs during a White House photo-op with Congress members.

USA tells allies they must stop importing Iran oil by November
In 2010, the Reserve Bank of India (RBI) ceased using a Tehran-based regional body, the Asian Clearing Union (ACU), to handle transactions with Iran.

James Harden wins 2018 NBA MVP over Anthony Davis, LeBron James
Harden becomes the third ever Rocket to claim the award following Moses Malone (1979 and 1982) and Hakeem Olajuwon (1994). Unfortunately for him, his incredible playoff run didn't factor into the voting (since MVP is a regular-season award).

Saudis add to Salah's misery, beat Egypt 2-1 in farewell
El-Hadary came to Egypt's rescue on 68 minutes as the shot-stopper showed good reflexes to keep out Hussain's towering header. That game, at the time of writing, remains 1-0 to Egypt and Hector Cuper's side look set to bow out with a win.

Merkel seeks refugee deal with European Union partners
Lifeline said a merchant vessel, the Alexander Maersk, had another 113 migrants and was also waiting for a port to receive them. Italy's government wants to deport half a million undocumented migrants , many of whom are housed in squalid reception centres.

UK's May defeats Brexit rebels, but divisions still reign
The government instead offered only an unamendable "neutral motion", which would have allowed MPs to take note of the situation. Grieve told the House of Commons he now saw the need to take account of May's concerns over the state of the negotiations.

Erdogan facing major test as voting ends in Turkey elections
If a candidate wins just over 50 percent of the vote, he will win the presidency, but if not, there will be a runoff on July 8. Without them, many said, the country could not function. "I hope that we will wake up to a more handsome day tomorrow".