shockedcanadian
Diamond Member
- Aug 6, 2012
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Trumps administration appears focused on returning critical industries back to America. Some of these industries will.come from Europe and Japan, locations more willing to invest in U.S jobs and production. Others will come.from China and Canada, two nations not as willing to invest in U.S jobs and production. Steel producrion is in trouble here so I expect a large swath of tax.dollars to be applied to prop it up. Trump tariff hit list grows in a blow to a Canadian steel industry struggling ‘for its very existence’.
Canadian steel and aluminum industries already reeling from Donald Trump’s 50 per cent tariffs have received another blow — hundreds of products containing the metals have been added to the American target list.
The 407 items, ranging from wind turbines and tractors to baby strollers and furniture, were added to a list of “derivative” products announced Tuesday by U.S. Commerce Secretary Jeffrey Kessler.
“Today’s action expands the reach of the steel and aluminum tariffs and shuts down avenues for circumvention — supporting the continued revitalization of the American steel and aluminum industries,” Kessler said in announcing the decision.
The new items will face a 50 per cent tariff on the value of any steel or aluminum used, rather than on their entire price. But the message to manufacturers is still clear, said the head of the Canadian Steel Producers’ Association: Use American metals, or else.
Canadian steel and aluminum industries already reeling from Donald Trump’s 50 per cent tariffs have received another blow — hundreds of products containing the metals have been added to the American target list.
The 407 items, ranging from wind turbines and tractors to baby strollers and furniture, were added to a list of “derivative” products announced Tuesday by U.S. Commerce Secretary Jeffrey Kessler.
“Today’s action expands the reach of the steel and aluminum tariffs and shuts down avenues for circumvention — supporting the continued revitalization of the American steel and aluminum industries,” Kessler said in announcing the decision.
The new items will face a 50 per cent tariff on the value of any steel or aluminum used, rather than on their entire price. But the message to manufacturers is still clear, said the head of the Canadian Steel Producers’ Association: Use American metals, or else.