U.S. ends tariff exemptions on Canadian steel and aluminum
May 31, 2018
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The United States has decided to end steel and aluminum tariff exemptions for Canada, the country’s Secretary of Commerce Wilbur Ross announced today.
Canada, Mexico and the European Union were exempted from import duties of 25 per cent on steel and 10 per cent on aluminum when they were first imposed in March, but those exemptions were set to expire Friday.
U.S. President Donald Trump had imposed the tariffs saying his country had been treated “badly” in trade relations.
At the time, Trump also cited national security reasons for the tariffs.
Foreign Affairs Minister Chrystia Freeland has hinted that Canada will retaliate.