marine link image

Canada's PM: US Steel, Aluminum Tariffs a 'Very Bad Idea'

April 30, 2018

Prime Minister Justin Trudeau on Monday said any move by the United States to impose tariffs on Canadian steel and aluminum would be a "very bad idea" guaranteed to disrupt trade between the two nations.

Trudeau told reporters in Vancouver he was confident the administration of President Donald Trump understood that such tariffs would hurt jobs in the United States as well as Canada.

Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum in March but granted temporary exemptions to Canada and Mexico that run out on May 1. Canada is the biggest supplier of steel and aluminum to the United States.

"We have been discussing this with the U.S. administration and letting them know it would be a very bad idea to disrupt (the) very complex trade between Canada and the United States when it comes to steel and aluminum," said Trudeau.

Trump has said the tariffs on Canada and Mexico could be suspended if enough progress is made at negotiations to update the trilateral North American Free Trade Agreement. Top-level talks are due to resume on May 7.

"We've made significant progress over the past weeks and we continue to work hard ... there is positive momentum but as we all know, it won't be done until it's done," said Trudeau.


(Reporting by Julie Gordon, writing by David Ljunggren; Editing by Chizu Nomiyama)

Logistics News

Explosion Forces Shutdown of Valero’s Port Arthur Refinery

Explosion Forces Shutdown of Valero’s Port Arthur Refinery

Wattlab Scales Up Solar Power for Bulkers

Wattlab Scales Up Solar Power for Bulkers

African Bunkering Hubs Gain as Ships Reroute Around Cape

African Bunkering Hubs Gain as Ships Reroute Around Cape

Two India-Bound Tankers Pass Through Strait of Hormuz

Two India-Bound Tankers Pass Through Strait of Hormuz

Subscribe for Maritime Logistics Professional E‑News

Maguire: Iran war is worse for natural gas than oil.
Data shows that crude exports from Saudi Arabia's Yanbu Port surged to nearly 4 mln Bpd last weekend.
Officials say that Russian strikes on Ukraine have killed five people and cut the power lines in Moldova.