#Trumpadministration'ssteeltariffs; #JustinTrudeau; #U.Smarkets; #SeanDonnelly #Canada, #China, #EuropeanUnion; #CanadaBorderServicesAgency''sbudget; #Bloomberg
Ottawa, Jun 27 (Canadian-Media): In the wake of the Trump administration's steel tariffs, Canada is planning new tariffs and quotas on steel from China and certain other as-yet unknown countries In an attempt to prevent dumping of Chinese steel on the domestic market, media reports said.
Besides European Union (EU), Canada was concerned China could engage in selling steel without any buyer, below cost in Canada or elsewhere.
Canada reportedly has already taken steps -- including beefing up Canada Border Services Agency''s budget, adding 40 new officers to handle trade-related complaints --to protect Canadian steelmakers from the possibility of aggressive competition in the wake of a trade war.
"Canada is a trading nation, and we will not allow North American industries to be hurt or threatened by unfair trade practices, like the diversion of steel and aluminum," Prime Minister Justin Trudeau said in March.
There had been a rise in steel diversions to Canada in recent years, even before the Trump tariffs took hold, said Sean Donnelly, the CEO of AercelorMittal Dofasco, Canada's largest steel producer.
"Canada's response to past and future threats from unfairly traded and diverted offshore imports is critical," Donnelly said.
Citing "people familiar with the plans," Bloomberg said Canada is preparing quotas that would limit the amount of steel imported into the country, with tariffs charged on any imported steel beyond that quota.
The new tariffs and quotas could be announced as soon as next week, the report stated.
#ChrystiaFreeland, #DonaldTrump, #UStariffswar, #WTO, #NAFTA, #BobCorker, #RobertLighthizer
Ottawa, June 14 (Canadian-Media): Canada's Foreign Affairs Minister Chrystia Freeland was at Washington, D.C., United States (U.S.), yesterday to discuss about the recently imposed steel and aluminium tariffs on Canada by U.S. President Donald Trump, media reports said.
While in Washington, Freeland yesterday spoke of the frustration felt both by Canada and U.S. over newly imposed steel and aluminum tariffs by Trump.
During her acceptance of the award for Diplomat of the Year, presented by Foreign Policy magazine, in Washington, D.C.,U.S., Freeland said,
“The 232 tariffs introduced by the United States are illegal under WTO and NAFTA rules are...in violation of the very rules it helped to write."
"We see this most plainly in the U.S. administration's tariffs on Canadian steel and aluminum..."They are...in violation of the very rules it helped to write," said Freeland
World Trade Organization (WTO) is an intergovernmental organization that regulates international trade.
The North American Free Trade Agreement (NAFTA), reportedly is an agreement between Canada and U.S. with a goal to eliminate barriers to trade and investment between the U.S., Canada and Mexico.
“Canada has no choice but to retaliate...with our like-minded partners in the EU and Mexico...and they share our astonishment and our resolve" said Freeland and added Canada would retalliate with sorrow rather than anger.
Later Wednesday evening during a foreign policy speech, Freeland spoke about the international rules-based system that the U.S. led in creating after the Second World War.
Without mentioning Trump even once, Freeland in her speech said, "Facts matter. Truth matters. Competence and honesty, among elected leaders and in our public service, matter."
She won applause when she said "preserving Lincoln's vision" means fighting back against those who try to hijack democracy.
"The Section 232 action — which is, let me remind people, a national security consideration — is frankly absurd," Freeland said on Capitol Hill after the meeting.
Sen. Bob Corker, the committee's Republican chair said,
"I do think it's an abuse of presidential authority to use the 232 waiver, and I've tried to pass a piece of legislation on the floor to counter that," Corker said after the meeting with Freeland.
Freeland was assured by Corker of his efforts to gather support for legislation that would give U.S. Congress, not the president, the authority to impose tariffs under the national security clause of U.S. trade law.
Today, Freeland is expected to meet U.S. trade czar Robert Lighthizer in an effort to straighten out NAFTA renegotiation.
#JohnTory; #JustinTrudeau, #DougFord; #traderelations
Toronto, June 12 (Canadian-Media): Toronto Mayor John Tory pledged today, during his State of the City address at the Toronto Region Board of Trade's annual luncheon, to work with Canada's Prime Minister Justin Trudeau and Ontario Premier-Designate Doug Ford to protect trade relations between Canada and the United States (U.S.), media reports said.
In his speech Tory said, "When our largest trading partner is suddenly threatening to impose tariffs across the board, not only is that a threat to the economic vitality of our nation and our province, it is a threat to the economic vitality of this city, as well," said Mayor Tory.
"I want to state clearly today that I stand with our Prime Minister and our incoming premier, Mr. Ford, when it comes to all of the rhetoric and sabre rattling from President Trump."
"I will do whatever I can to help ease these tensions and get back to doing business the way we have so successfully done over the past 25 years – and before that – to the immense benefit of both countries."
Tory said he would be enlisting American companies with significant operations in Toronto to appeal to U.S. leaders to stop this ongoing trade dispute.
He would also reportedly speak with fellow mayors in major cities across the U.S. to stress the importance of trade towards jobs and economic growth in all our cities.