(Alexander Panetta – Canadian Press)
Canada appears to have dodged a protectionist bullet, as one of only two countries to receive a provisional exemption from steel and aluminum tariffs set to rip into America’s trading relationships around the globe.
President Donald Trump signed proclamations Thursday slapping U.S. tariffs of 25 per cent on steel and 10 per cent on aluminum from almost every country, with the penalties snapping into effect in 15 days.
After months of frantic lobbying, diplomatic arm-twisting and heated debates within his own administration, Trump made good on his tariff threat at the White House, surrounded by steelworkers.
The only two countries escaping tariffs were America’s neighbours: Canada and Mexico.
It’s not impossible they could be added later, but the president’s own language, the wording of the proclamations and comments from a White House official all went out of their way to avoid any explicit threats against Canada and Mexico, leaving dangling only the vague possibility. Click here to read more.
- Trump Authorizes Tariffs, Defying Allies at Home and Abroad (New York Times)
- Trump Was Concerned That Chinese Steel Was Entering U.S. Through Canada (CBC)
- Trump Risks Trade War to Fulfill Political Pledge (Associated Press)
- Allies, Rivals Alike Hit Out at Trump Trade Tariffs (Agence France-Presse)
- Steel Stocks Fall After Trump Signs Metals Tariffs (Wall Street Journal)