https://www.miningweekly.com

Canada says US tariffs hurt jobs; aluminium industry worried

Canada says US tariffs hurt jobs; aluminium industry worried

Photo by Bloomberg

1st May 2018

By: Reuters

  

Font size: - +

OTTAWA – Canada has repeated its position that imposing punitive trade measures would hurt jobs in both countries, in reaction to US President Donald Trump's decision to postpone steel and aluminium tariffs that were set to go into effect on Tuesday.

The Trump administration said on Monday that the 25% tariff on steel imports and 10% tariff on aluminium imports from Canada and Mexico would be suspended until June 1.

Speaking a few hours before the announcement, Canadian Prime Minister Justin Trudeau said the tariffs were a "very bad idea" guaranteed to disrupt trade between the two nations.

"As the Prime Minister said today, we remain confident that the US administration understands that tariffs would hurt American jobs as much as they would Canadian jobs," said Adam Austen, a spokesman for Canadian Foreign Minister Chrystia Freeland.

In a statement emailed late on Monday, Austen also said Canada would work to secure good jobs for steel and aluminium workers on both sides of the US-Canadian border.

The tariffs as well as Trump's insistence that Canada and other nations accept the idea of import quotas look set to further complicate slow-moving talks to update the North American Free Trade Agreement.

The influential auto lobbies in Canada and Mexico are upset by new US proposals for increasing NAFTA's regional content for vehicles produced in the three member nations of the 1994 trade pact.

Trudeau and Freeland, who is due to testify to a Canadian Senate committee later on Tuesday, have already made clear they expect Canada to be granted a permanent exemption from the tariffs.

The Aluminium Association of Canada on Tuesday said the US move to put off a decision would only increase uncertainty affecting the industry worldwide.

"Nothing less than a permanent and total exemption is required as soon as possible," Jean Simard, the association's president, said in a statement.

Edited by Creamer Media Reporter

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.157 0.192s - 110pq - 2rq
Subscribe Now