Prime Minister Mark Carney announced the new measures on Thursday to help stabilize the Steel and Aluminum sectors of Canada that have been difficult due to the rates of the president of the United States, Donald Trump, with exports and losses of jobs.
The new federal program includes a quota on foreign steel and a proposed tax increase on US imports if Canada and the United States cannot reach a commercial agreement in a month.
Carney said that Canada’s counter-tarifa in steel and aluminum products in the United States would increase, or down, depending on Trump negotiations on July 21.
Trump rose the United States rate on steel and aluminum from 25 % to 50 percent earlier this month and Carney, at that time, retained that the fees given the conversations are ongoing to get Canada out of Trump’s tariffs.
Prime Minister Mark Carney presented a series of new commercial war courses focused on Thursday in the steel and aluminum industries in Canada, including the commitment to adjust counter-tarifas on July 21, depending on how commercial conversations with the progress of Washington.
The two leaders agreed at the G7 summit in Alberta this week trying to reach some kind of commercial agreement within 30 days. With today’s announcement, Carney is pointing out that he is willing to climb more with Canada’s retaliation rates if an agreement does not join.
Canadian tariffs on the imports of steel and aluminum of the United States will be established at a rate that is “consistent with the progress made,” said Carney. “We will review our response as negotiations advance.”
Asked by a journalist if she is willing to accept any tariff of the United States on Canadian goods, Trump reiterated again this week, she is a “person of rates” and did not seem willing to move, Carney said that the government’s position is that Trump should eliminate all his “unfair” commercial actions and that is the initial point of these negotiations.
Foreign steel quota that comes
Carney said that it is establishing a new “fee of rate rate”, as it is called in commercial language, which means that some imports of foreign steel will be allowed, but anything above that limit will be reached with a high rate, which makes them more expensive.
The purpose of this measure is to make Canadian steel more competitive and support an industry that has lost a lot of its US businesses amid Trump’s punishment rates.
The program is designed to induce Canadian companies to use national steel by making the price of foreign imports prohibitive.
“We must strengthen our strength at home and safeguard Canadian workers and businesses of the unjust rates of the United States that currently exist,” Carney told journalists in Parliament Hill.
The president of the United States, Donald Trump, said he and Prime Minister Mark Carney have different concepts about trade. Trump reiterated his support for rates, saying: “It’s simple, it’s easy, it’s necessary.” Trump said Carney has “a more complex idea” and said: “We are going to look at both.”
Carney said that the government is considering additional tariff measures in the next few days to maintain more foreign steel and address what it called “excessive persistent global and unfair trade.”
That is in response to the demands of the industry that the federal government turns off foreign companies that throw cheap steel in Canada, harming local suppliers, a phenomenon that the sector says that it has only worsened since Trump applied global tariffs on metal.
Carney said that the Government’s impulse to obtain important infrastructure and natural resources projects built will also help the steel sector in difficulties.
A draft law of the pending government before Parliament, C-5, would give the Carney Cabinet the ability to accelerate approvals for “construction of the nation” projects, many of which would require large amounts of steel and aluminum during construction.
“We, as Canadians, can give ourselves much more than Americans can remove.
The measures come “at the right time” and send “a strong signal towards focused and accelerated negotiations,” said Jean Simard, president of the Canadian Aluminum Association, in a statement.
He said that without a “positive” result of the deadline of Carney, the industry will seek “agility and speed for government interventions.”
