CISC | New Trade Deal USMCA Does Not Include Revisions to Steel Tariffs
Dear Members & Associates,
On September 30, 2018, Prime Minister Justin Trudeau and Minister of Foreign Affairs Chrystia Freeland announced that Canada has finally reached a tentative trade deal with the United States. The United States-Mexico-Canada Agreement (USMCA) is a modernized agreement that will replace the formerly known North American Free Trade Agreement (NAFTA).
While this new agreement presents no new losses in general for Canada, the Canadian government was unable to negotiate the removal of the tariffs imposed by U.S. Section 232. As a result, the 25% steel tariffs on Canadian imports going into the U.S. will remain in place with no resolution being discussed for the near future.
The CISC is actively engaging with government officials to advocate for the Canadian steel industry. We will continue to keep you informed of any updates moving forward.
If you have any questions or concerns, please feel free to contact President & CEO of the CISC, Ed Whalen, at ewhalen@cisc-icca.ca.
Sincerely,
Ed Whalen
President & CEO
Canadian Institute of Steel Construction (CISC)