Canada
March 11, 2018
Canada Mills Get Temporary Reprieve
Written by Sandy Williams
Canadian steel mills like Algoma and Stelco are getting a reprieve from steel and aluminum tariffs, at least for now. The Section 232 tariffs imposed by President Trump will not affect Canada or Mexico provided they can complete a NAFTA agreement quickly and on U.S. terms. “For now, Canada and Mexico will be excluded from the tariffs,” said a senior White House official. “But it’s not open-ended.”
The threat of future tariffs is still a concern and seen by some as a negotiating tool by the U.S. “Today is a step forward,” said Foreign Affairs Minister Chyrstia Freeland. She added tariffs and NAFTA are “quite distinct issues,” and that work continues “until the prospect of these duties is fully and permanently lifted.
