Deal includes provision to watch for foreign dumping, allows U.S. to impose tariffs again in rare cases
A deal was reached on Friday to end the metal tariff battle between Canada and the U.S. Steel and aluminum imports from Canada will no longer be taxed, but that doesn’t mean all the problems are over.
The new NAFTA still has to be ratified and the protectionist administration in the U.S. is still causing anxiety in Canada. Here’s what you need to know about the tariffs deal and what happens next.
The American tariffs on Canadian steel and aluminum — 25 per cent and 10 per cent, respectively — disappeared as of today. Finance Minister Bill Morneau announced on Monday that Canada lifted its retaliatory countermeasures against the U.S., according to a news release from the Department of Finance Canada. Continue Reading →