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 U.S.in 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.

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