Canada has made al­most $300M from re­tal­ia­tory tar­iffs on U.S.

The Miracle - - National & Int -

Canada has re­ceived al­most $300 mil­lion in du­ties due to the re­tal­ia­tory tar­iffs it im­posed on U.S. goods fol­low­ing the im­po­si­tion of Pres­i­dent Don­ald Trump’s steel and alu­minum tar­iffs. Trump’s tar­iffs have been called un­ac­cept­able and il­le­gal by both Prime Min­is­ter Justin Trudeau and For­eign Af­fairs min­is­ter Chrys­tia Free­land. The U.S. pres­i­dent im­posed the tar­iffs ear­lier this year, say­ing his coun­try had been treated “badly” in trade re­la­tions. Though ini­tially Canada was ex­empt, that didn’t last long and Trump’s tar­iffs came into ef­fect June 1. At the time, Trump cited na­tional se­cu­rity rea­sons for the tar­iffs. On July 1, Canada fought back by im­pos­ing its own tar­iffs, on a to­tal of $16.6 bil­lion in goods, on things like yo­gurt, cof­fee, dish de­ter­gent, choco­late, pre­pared meals in­clud­ing pizza and quiche and whiskies. Num­bers pro­vided to Global News by the Canada Bor­der Ser­vices Agency show that un­der those re­tal­ia­tory tar­iffs, the fed­eral gov­ern­ment col­lected about $118 mil­lion in July and an­other $168 mil­lion in Au­gust, for a to­tal of $286 mil­lion.Those num­bers do not in­clude what might have been col­lected from some do­mes­tic com­pa­nies that have ap­plied for and re­ceived an ex­emp­tion to the tar­iffs through fed­eral pro­grams de­signed to limit the im­pact of the tar­iffs. It is not clear how many do­mes­tic compa- nies have ben­e­fit­ted from the pro­grams. The money col­lected is ex­pected to be fun­neled back into the af­fected sec­tors. “We are com­mit­ted to mak­ing sure that ev­ery dol­lar raised in re­cip­ro­cal tar­iffs is given back in the form of sup­port for af­fected sec­tors,” Pierre-Olivier Her­bert, spokesper­son for Fi­nance Min­is­ter Bill Morneau, said to Global News in an email. On the U.S. side of things, a spokesper­son for the U.S. Bor­der and Cus­toms Pro­tec­tion Agency says the coun­try doesn’t tally data on the dol­lar value of tar­iffs col­lected bro­ken down by coun­try. The U.S. im­posed tar­iffs on US$1.8 bil­lion worth of Cana­dian steel and an­other US$535 mil­lion on Cana­dian alu­minum. The Amer­i­can num­bers are re­flec­tive of the money as­sessed by the tar­iffs, and not the ac­tual amount col­lected and pro­cessed by the U.S., the spokesper­son clar­i­fied. That means the amount ac­tu­ally col­lected can change be­cause of draw­backs or ex­emp­tions granted to the tar­iffs.The U.S. has also im­posed the steel and alu­minum tar­iffs on all coun­tries ex­cept Ar­gentina and Aus­tralia, with Brazil and South .orea re­ceiv­ing ex­emp­tions for just the steel tar­iffs. Ac­cord­ing to preliminary data from the U.S. Cen­sus, the U.S. im­ported 416,420 tonnes of steel from Canada in July 2018 worth US$413 mil­lion. In July 2017, the coun­try im­ported 422,206 tonnes of steel from Canada worth US$3 2 mil­lion. There was no data avail­able for the month of Au­gust. There was no data im­me­di­ately avail­able for alu­minum im­ports. The num­bers come as Free­land is back in Wash­ing­ton to re­sume ne­go­ti­a­tions on a trade deal with the U.S. to re­place the North Amer­i­can Free Trade Agree­ment. The U.S. and Canada have been locked in talks for weeks since Mex­ico and the U.S. an­nounced their own bi­lat­eral trade deal.

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