Steel and soft­wood

Trade high on Trudeau’s agenda as he gath­ers with Amer­i­can gov­er­nors

The Guardian (Charlottetown) - - BUSINESS - BY MIA RAB­SON

U.S. Pres­i­dent Don­ald Trump is promis­ing to tax steel im­ports again less than a week af­ter Prime Min­is­ter Justin Trudeau said he be­lieved Canada will es­cape ex­pected steel tar­iffs im­posed by the U.S.

Speak­ing to re­porters as he flew to France for a bi­lat­eral meet­ing, Trump said there are two ways to ad­dress what he calls un­ac­cept­able dump­ing of for­eign steel into the U.S. mar­ket - quo­tas and tar­iffs.

“Maybe I’ll do both,” he said ac­cord­ing to a tran­script of the con­ver­sa­tion re­leased by the White House Thurs­day.

“Steel is a big prob­lem. Steel is, I mean, they’re dump­ing steel. Not only China, but oth­ers. We’re like a dump­ing ground, okay? They’re dump­ing steel and de­stroy­ing our steel in­dus­try, they’ve been do­ing it for decades, and I’m stop­ping it. It’ll stop.”

The com­ments came im­me­di­ately af­ter Trump spoke about the trade deficit the U.S. has with South Korea, which is the third-largest source of steel im­ports to the U.S.

But Canada is the big­gest, ac­count­ing for 17 per cent of all steel im­ported into the United States last year.

Steel was one of the sub­jects dis­cussed by Prime Min­is­ter Justin Trudeau with Trump on the side­lines of the G20 lead­ers’ sum­mit in Ger­many last week­end. Trudeau told re­porters af­ter he was “com­fort­able” Canada would not be af­fected by any na­tional se­cu­rity-re­lated im­port tar­iffs on steel.

“The kind of back and forth com­pli­men­ta­r­ity be­tween Canada and the U.S. on steel is some­thing we both value tremen­dously as coun­tries and will en­sure to pro­tect,” Trudeau said July 8.

The U.S. Depart­ment of Com­merce is weeks over­due to de­cide whether to slap new im­port du­ties on steel on the ba­sis of na­tional se­cu­rity. Com­merce Sec­re­tary Wil­bur Ross was to have made the de­ci­sion in June but as of this week, noth­ing had been fi­nal­ized.

He was brief­ing con­gres­sional rep­re­sen­ta­tives on the is­sue in Washington Thurs­day.

Steel was also on the agenda Fri­day when Trudeau had a bi­lat­eral meet­ing with U.S. Vice Pres­i­dent Mike Pence dur­ing the an­nual meet­ing of the Na­tional Gover­nor’s As­so­ci­a­tion in Rhode Is­land. Soft­wood lum­ber and NAFTA were also set to be dis­cussed.

Ne­go­ti­a­tions on the trade deal will be­gin mid-Au­gust, while Canada and the U.S. are cur­rently ne­go­ti­at­ing on new trade deal on soft­wood lum­ber.

For­eign Af­fairs Min­is­ter Chrys­tia Free­land is also at the meet­ing. Her spokesman said Canada’s feel­ings on steel re­main the same as they were fol­low­ing the G20.

“Our North Amer­i­can steel and alu­minum in­dus­tries sup­port good mid­dle class jobs, are highly in­te­grated, and our trade is highly bal­anced,” said Adam Austen. “As key al­lies and part­ners in No­rad and NATO, Canada and the U.S. are in­te­gral to each other’s na­tional se­cu­rity and Canada is a safe and se­cure sup­plier of steel and alu­minum to the U.S.”


Prime Min­is­ter Justin Trudeau, right, meets with Rhode Is­land Gover­nor Gina Rai­mondo at the Na­tional Gover­nor’s As­so­ci­a­tion (NGA) Spe­cial Ses­sion - Col­lab­o­rat­ing to Cre­ate To­mor­row’s Global Econ­omy in Prov­i­dence, R.I., Fri­day.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.