The president of the Canadian Steel Producers Association says Canada may be off the hook for now – from American steel and aluminum tariffs – but it’s still at risk – as a glut of foreign steel looks for a new home.
And Joseph Galimberti says Canada has to work very quickly to identify possible attempts to circumvent the U.S. tariffs – by sneaking steel in through Canada.
U.S. President Donald Trump required Canada and Mexico to take steps to stop trans-shipments of foreign steel via their ports – as one of the conditions for exempting them from the 25 per cent duty on steel and 10 per cent duty on aluminum – that will apply to imports from every other country.
International trade lawyer Larry Herman says the U.S. tariffs mean there is now a lot of steel looking for a home and he encourages the federal government to put out a firm policy statement soon – explaining what it will do – if it finds evidence other countries are attempting to dump their steel in Canada.
Prime Minister Justin Trudeau says Canada already has measures in place to prevent foreign countries, mostly China, from dumping steel into Canada – but that he can and will do whatever else it takes – to protect Canada’s industry going forward.