Trudeau, Trump talk tariffs

Lester Mason
March 13, 2018

Mr. Trudeau argued that Canada - the largest supply list of steel to the United States - is a key American defence ally and noted Canadian steel is used to manufacture USA tanks and Canadian aluminum is in America warplanes.

"We are too. So we're glad to do it".

Sean Donnelly, Chief Executive of ArcelorMittal Dofasco (MT.AS), said on Tuesday the company is not seeking Canadian government aid as the domestic steel industry faces uncertainty after U.S. President Donald Trump provided temporary relief on steel imports.

Brazil has said it will seek exemption from the newly imposed tariffs.

"We are alert to that, we are working with partners in industry, with our American partners, to ensure that does not happen", Trudeau said of so-called transshipment.

Trudeau says he will keep the pressure on Trump during the tariff negotiations, as well as on negotiations for the North American Free Trade Agreement.

Trudeau is also brushing off the idea that Canada might be bullied into a deal.

Trump's decision to slap tariffs on imported steel and aluminum could spark retaliation from other countries and lead to unforeseen consequences, the head of the World Trade Organisation said.

'Canadian aluminum is in your fighter jets.

Donnelly also said the Canadian government must put resources in place to ensure that cheap steel is not diverted into Canada after Trump last week chose to impose a 25 percent tariffs on steel imports.

He said the government needs to monitor steel imports more closely so that if shipment volumes are rising, it can react quickly to stop Canada from becoming a dumping ground into the US market.

Trudeau said Canada already has "significant barriers" in place to prevent low-priced steel and aluminum from being dumped there, and is prepared to work with Washington to "do even more". He is scheduled to tour steel mills in Hamilton, Sault Ste. Canadian steel is in your tanks. Marie, Ont., and Regina.

Trump recently exempted Canada and Mexico from tariffs on steel and aluminum, although the USA government has been dropping hints that the exception is only temporary. While the penalties take effect later this month, Trump has encouraged countries to try negotiating exemptions for themselves.

Brazil, which is the second biggest supplier of steel to the United States after Canada, remains open for a dialogue to reach an understanding with the United States and is talking to other countries to learn about measures they are considering, he said.

Other reports by Iphone Fresh

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