US To Impose Tariffs On Canadian Steel & Aluminum

Tariffs will be imposed by midnight.

The Trump Administration is refusing to extend the exemption from metal tariffs for Canada, Mexico, and the European Union.

As a result, tariffs on metals from US allies will go into effect starting at 12:01 am on Friday.

According to BNN Bloomberg, “U.S. Commerce Secretary Wilbur Ross said there wasn’t enough progress in discussions with the EU over trade concessions and Canada and Mexico on rewriting the North American Free Trade Agreement to give them permanent exemptions from the metals tariffs.”

The US is clearly using the tariffs as leverage in continuing NAFTA negotiations with Canada and Mexico, and trade fights with the EU.

The Trump Administration has complained about the tariffs imposed on US cars by the EU – along with other trade practices – with tariffs on US cars going into the EU at 10%, while tariffs on EU vehicles entering the US are just 2.5%.

However, Canada and the US have very balanced trade, with the US actually having a slight trade surplus with Canada. As a result, many have criticized the Trump Administration for lumping Canada in with other countries such as Mexico, China, and many EU countries with which the US has huge trade deficits.

The tariffs on Canadian Steel will be 25%, and 10% on Canadian Aluminum.

Spencer Fernando

Photo – YouTube

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Fred Dimmick

Now the dilettante in Ottawa and all the rest of the lefties will undoubtedly blame Trump (as usual) when our economy tanks, as it will surely do with these idiots running things. The sympathy vote can’t be overstated so we will probably suffer for even longer under their thumbs.
It can definitely have a negative impact on next weeks Ontario election giving the left something else to rally the trough piggies with.

louis joannette

Me I am buying stock in the MEXICAN OIL DISCOVERY WHILE THEY ARE CHEAP / MY INCOME NESTS FOR MY FAMILY WHEN I DY.

TARA

Maybe if Trudeau hadn’t spent Billions and Billions on God only knows What…there would be a “Reserve” Nestegg until Tariff battle could be sorted…President Trump must watch Trudeau and know he has no Negotiation Skills..must Just Shake His Head.

Ed R Peebles

When Canada gets pushing Oil to the World through our Trans mountain Pipeline , the US and other Oil Interests will have to compete to Keep up with us Canadians . It has been the American way for to long !

Ed P.

Wallace Klinck

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