Money: 'It's everything we've always asked for': Steel and aluminum industries welcome end of tariffs - - PressFrom - Canada
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Money'It's everything we've always asked for': Steel and aluminum industries welcome end of tariffs

07:20  18 may  2019
07:20  18 may  2019 Source:   cbc.ca

Freeland to meet Lighthizer, Grassley in Washington to push for tariff removal

Freeland to meet Lighthizer, Grassley in Washington to push for tariff removal OTTAWA — Foreign Affairs Minister Chrystia Freeland played down expectations as she prepared to meet in Washington with Trump trade czar Robert Lighthizer in a renewed push to get punitive steel and aluminum tariffs lifted. "It is never wise to predict how long any negotiation will take," Freeland told reporters in Toronto on Tuesday, ahead of her Wednesday meeting at the Office of the United States Trade Representative in Washington.

the steel and aluminum tariffs are Australia and Argentina.[4] Separately, on July 6, the Trump administration set a tariff of 25 We ’re the only one that produces it in the world. You’ ve got to let us out. In 2018 China ended its domestic ownership rules for auto companies and financial institutions.

' It ' s everything we ' ve always asked for ': Steel and aluminum industries welcome end of tariffs . Mexican official says a deal is close to lift U.S. steel "We think it ' s a great victory for Canada, for the industry and the North American industry as a whole," he said. " It ' s everything we ' ve always

'It's everything we've always asked for': Steel and aluminum industries welcome end of tariffs President Trump Lifts Tariffs On Steel From Canada And Mexico

Representatives from Canada's steel and aluminum industries welcomed news on Friday that the government has struck a deal with the U.S. that will bring an end to tariffs on the two metals when they are exported to America.

"It's everything we've always asked for," said Jean Simard, spokesperson for the Aluminum Association of Canada, in a phone interview.

"We are very happy with what we know has been agreed to which is a total repeal of tariffs without any quotas," he said. "We think it's a great victory for Canada, for the industry and the North American industry as a whole."

End of U.S. tariffs on Canadian, Mexican steel and aluminum close: Mnuchin

End of U.S. tariffs on Canadian, Mexican steel and aluminum close: Mnuchin End of U.S. tariffs on Canadian, Mexican steel and aluminum close: Mnuchin

Representatives from Canada' s steel and aluminum industries welcomed news on Friday that the government has Deal reached Friday afternoon will see end of U . S . tariffs within 48 hours. U . S . tariffs against Canadian steel will come to an end within 48 hours after a deal signed Friday between

' It ' s everything we ' ve always asked for ': Steel and aluminum industries welcome end of tariffs . After saying initially that the end of the tariffs meant things were "full steam ahead" for ratifying the revised North American trade agreement, Freeland and Trudeau were using more cautious language

On Friday afternoon, the two countries put out a joint press release announcing the end of the tariffs within 48 hours, an end to WTO disputes between themselves on the issue, and an agreement to work together to monitor whether or not other countries are trying to flood the market with cheaper alternatives.

"This decision reflects what is known to be true by friends on both sides of the border: Canada has been America's most steadfast ally for more than a hundred years, and our long-standing partnership and closely linked economies make us more competitive around the world and improve our combined security," Prime Minister Justin Trudeau told reporters at a news conference at a steel plant in Hamilton on Friday.

"With this decision, Canadian and American businesses can get back to what they do best, working constructively together to the benefit of our economies, our people, and our communities."

If steel and aluminum tariffs are ending soon, Chrystia Freeland isn't saying so

If steel and aluminum tariffs are ending soon, Chrystia Freeland isn't saying so Foreign Affairs Minister Chrystia Freeland gave no hint today the United States is set to lift steel tariffs, even though Mexico’s top trade representative is saying a deal with their country is imminent and the U.S Treasury secretary says all three countries are “close” to finding a solution to the standoff. Speaking to reporters in Washington after meeting with U.S. Trade Representative Bob Lighthizer, Freeland said that ratification of the new NAFTA and the tariffs were discussed in the meeting.

' It ' s everything we ' ve always asked for ': Steel and aluminum industries welcome end of tariffs . Just because Canada can breathe easy on steel and aluminum tariffs for now, doesn't mean the foreign affairs minister believes the protectionist threat is over.

' It ' s everything we ' ve always asked for ': Steel and aluminum industries welcome end of tariffs . Both steel and aluminum often travel back and forth during pool manufacturing, Benson said, adding his main supplier has one factory in Canada just outside of Toronto and another in New York state.

No quotas

There had been some concern from both industries that a possible solution to the impasse might include quotas, which would mean that Canadian product could be shipped to the U.S. free of surcharges, but total amounts would be capped.

The agreement laid out Friday makes no mention of that, which is great news, according to Ken Neumann, the national director for Canada at the United Steelworkers union.

"There's no quotas imposed whatsoever, which was one of the things that had been contemplated, [so] we are very pleased with that," he said in an interview.

Neumann said his organization is pleased with the agreement, but the government needs to do more to protect Canada's domestic steel industry from cheap imported steel.

Other countries do a lot more to protect foreign suppliers from flooding domestic markets with cheaper steel, so Canada's lack of action on the matter makes the industry vulnerable.

Businesses, workers hope for return to normal after U.S. tariffs lifted

Businesses, workers hope for return to normal after U.S. tariffs lifted Workers and businesses in the Ottawa area negatively affected by the introduction of steel and aluminum tariffs last year are pleased they've been eliminated — but wonder how long it'll take to see any changes. Last June, the United States imposed tariffs of 25 per cent on imports of steel and 10 per cent on aluminum, citing national security, which was followed by Canada imposing retaliatory tariffs on steel, aluminum and other consumer products. The extra charges disrupted supply chains and added extra costs for businesses whose products contained significant amounts of those two metals — including Campbell Pools in Orléans.

Representatives from Canada’ s steel and aluminum industries welcomed news on Friday that the government has struck a deal with the U . S . that will bring an end to tariffs on the two metals when they are exported to America. Go to Source.

' It ' s everything we ' ve always asked for ': Steel and aluminum industries welcome end of tariffs . "We knew the facts were on our side. We know we're not a national security risk to the United States." The tariffs were imposed last June under Section 232 of the U.S. Trade Expansion Act.

"I am a bit concerned by that position because there is overcapacity of steel and aluminum around the world and if Canada hasn't protected itself and if you're one of those countries that has overcapacity and is looking for a home, Canada becomes a big target."

The U.S. targeted Canada in the first place because it alleged it was effectively being used as a back door by other countries to get their excess steel into the U.S., first by getting it into Canada and then into the U.S. by exploiting the North American Free Trade Agreement.

"Canada was never ever the problem," Neumann said. "We've had a trading relationship for decades and we have an integrated market — this was just so wrongheaded from so many angles."

Neumann added that 600 members of his union were given layoff notices in the past year because of the tariffs. He's hopeful that many of those jobs can now be saved as companies feel confident to spend and invest in Canada.

The group that represents Canada's steel industry also welcomed the news.

"It's a good day for the industry and our employees," said Catherine Cobden, president of the Canadian Steel Producers Association, in an interview with CBC News.

She added that the ten months of tariffs was an "unsustainable" situation that never should have happened. She welcomed Friday's news because "it will return us to free and unencumbered trade with the U.S."

Read more

Chrystia Freeland tables motion to set the stage for revised NAFTA ratification.
Foreign Affairs Minister Chrystia Freeland introduced a motion in the House of Commons after question period Monday that sets the stage for the introduction of legislation needed to ratify a renegotiated NAFTA agreement. The ways and means motion is a required step on the road to ratification because it addresses some tax and financial measures that need to be taken into account with respect to the revised trade deal between Canada, Mexico and the U.S. "The introduction of this motion comes after our government secured a full lift of the U.S.

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