Latest
Recommended
Published: Tue, March 13, 2018
Economy | By Melissa Porter

Trudeau accuses China of 'dumping' steel on global markets

Trudeau accuses China of 'dumping' steel on global markets

Her words echo those of Mexican Economy Minister Ildefonso Guajardo who said last week Mexico also believed the steel tariffs had nothing to do with the NAFTA talks.

Prime Minister Justin Trudeau said Canada already has "significant barriers" to prevent low-priced steel and aluminum from being dumped in this country, and is prepared to work with Washington.

Canada, the top supplier of steel and aluminum to the USA markets, and Mexico have been temporarily exempted from the tariffs until trilateral continental trade talks conclude.

At a news conference, he said Canada already has measures in place to prevent foreign countries, mostly China, from dumping steel into Canada, but he can and will do whatever else it takes to protect the industry.

Joseph Galimberti says Canada has to work very quickly to identify possible attempts to circumvent the US tariffs by sneaking steel in through Canada and must be prepared to act to stop this.

"We're going to hold off the tariff on these two countries to see whether or not we can make a successful deal on NAFTA", he said during a signing ceremony for the two proclamations that will impose the 25 percent tariff on steel imports and 10 percent tariff on aluminum.

"There's a lot of steel out there looking for a home", said Herman.

His Foreign Minister, Chrystia Freeland, will be in Washington on Tuesday and Thursday to "advance Canada's efforts to keep trade open, fair and barrier-free, to benefit people on both sides of the border", her ministry said in a statement.

"We will continue working toward securing a definite and permanent exemption from those tariffs", Trudeau said earlier.

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 US tanks and Canadian aluminum is in America warplanes. The steel tariff investigation was launched to see the impact of steel imports on US national security. The tour was planned before the tariff exemption was confirmed but will still go ahead despite the exemption, with stops in Alma., Que, Hamilton, Ont., Sault Ste.

So steel-processing centres in Canada could import metal from China or India or other countries subject to the tariff and then sell it to an auto-parts maker or an energy company that turns it into something with a different tariff code. He added that national security was an important part of that deal and, if a deal is made, "this will figure into the deal and we won't have the tariffs on Canada or Mexico". Justin Trudeau is touring aluminum and steel factories to show support for the industries.

Like this: