Dear Members & Associates,
According to David MacNaughton, Canada‘s ambassador to the U.S., the 25 per cent steel tariffs that were imposed by President Donald Trump‘s administration is anticipated to be lifted in the next few weeks.
In May 2018, Trump imposed a 25 percent steel tariff on raw steel products entering the U.S. from Canada. This action prompted the Canadian government to initiate dollar-for-dollar retaliatory tariffs and countermeasures, which has been reported to be negatively impacting the American steel industry.
“This is hurting Americans and I think there‘s enough pressure building that we can find a resolution to this,” Ambassador MacNaughton told reporters on February 21, 2019. “I think we‘ll get there in the next few weeks.” (www.globalnews.ca/news/4984640/steel-aluminum-tariffs-lifted-soon-ambassador)
While we await any official announcement from the Canadian or American governments, the CISC remains adamant that U.S. Section 232 steel tariffs should be removed immediately and is urging the Canadian government to take action. We will continue to monitor the situation and keep you informed on any progress as it unfolds.
If you have any further questions or concerns, please feel free to contact Ed Whalen, President & CEO of the CISC at email@example.com.
Canadian Institute of Steel Construction (CISC)