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Thread: Canada imposes its own steel tariffs

  1. #1

    Canada imposes its own steel tariffs

    The Canadian government will impose 25 percent tariffs on steel imports staring Oct. 25 in a bid to protect its domestic industries from the impact of the tariffs imposed by the Trump administration. The move comes as both countries are tentatively discussing exempting Canada from the U.S. tariffs.
    "As part of its ongoing efforts to stand up for Canada's steel industry and support Canadian workers and businesses, today the Government of Canada is announcing further steps to prevent diversion of foreign steel products into Canada, and provide relief to steel and aluminum users in specific circumstances that are paying for countermeasures on certain products imported from the United States," the Canadian Department of Finance said in a statement late Thursday.

    More at: https://www.washingtonexaminer.com/p...onse-to-trumps
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    Mexican Economy Minister Ildefonso Guajardo on Monday discussed his concerns about new Canadian tariffs on steel during a call with Foreign Minister Chrystia Freeland, a Canadian government source said.

    Guajardo said last week he rejected Canada’s move to impose new quotas and tariffs on imports of seven categories of steel from many countries, including Mexico, and would press Ottawa for an exemption.
    “This issue was discussed, certainly. Their position has been made known,” said the source, who requested anonymity given the sensitivity of the situation. The source did not give further details.

    More at: https://www.reuters.com/article/us-t...KCN1MP292?il=0
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  4. #3
    Canadian tariffs are good, US tariffs are bad.
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