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Trump administration will put steel and aluminum tariffs on Canada, Mexico and the EU tonight


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From a Canadian perspective I think (hope) these tariffs and other Trump international antics may be a blessing in disguise. Short term pain for long term gain. Canada has far too long been reliant on the US as the major trading partner. Time for Canada to go to work and create more diversity in sourcing alternatives rather than picking the low hanging fruit as in the US just because it is next door. IMO the US can not be relied upon anymore to stick to international agreements ala global warming withdrawal, Iran agreement, NAFTA .....

I hope Canada can make the recent trade agreements with the TransPacific and European work. A good step in turning away from the US as the major partner in trade.

Thats a rather major oversimplification of what has been happening.....
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From a Canadian perspective I think (hope) these tariffs and other Trump international antics may be a blessing in disguise. Short term pain for long term gain. Canada has far too long been reliant on the US as the major trading partner. Time for Canada to go to work and create more diversity in sourcing alternatives rather than picking the low hanging fruit as in the US just because it is next door. IMO the US can not be relied upon anymore to stick to international agreements ala global warming withdrawal, Iran agreement, NAFTA .....

I hope Canada can make the recent trade agreements with the TransPacific and European work. A good step in turning away from the US as the major partner in trade.

I really don't think anyone in the USA wants to tax Canadian steel, but we need to draw a hard line. What the administration is trying to do is stop steel coming into the US from China, disguised as Canadian (or other country) steel. The holding company lawfully sets up in Canada (or other friendly country), buys steel as a broker on the open world market from Asia, and then sells it to the US. This is happening everywhere, with many products. Steel is being used as the example of what the USA needs to stop. This administration is very good at seeing the big picture of business, and areas where their are incentives to 'cheat' legally. This is what happens when we elect a businessperson to a major office rather than a endless string of clueless lawyers. Ending this practice would help true Canadian based steel producers as well, they can compete fairly at a first-world price.

Edited by Kev-Mo
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I really don't think anyone in the USA wants to tax Canadian steel, but we need to draw a hard line. What the administration is trying to do is stop steel coming into the US from China, disguised as Canadian (or other country) steel. The holding company lawfully sets up in Canada (or other friendly country), buys steel as a broker on the open world market from Asia, and then sells it to the US. This is happening everywhere, with many products. Steel is being used as the example of what the USA needs to stop. This administration is very good at seeing the big picture of business, and areas where their are incentives to 'cheat' legally. This is what happens when we elect a businessperson to a major office rather than a endless string of clueless lawyers. Ending this practice would help true Canadian based steel producers as well, they can compete fairly at a first-world price.

Just because someone on Breitbart says it's happening that way doesn't make it so. Canadian government and Canadian steel industry officials have pointed out that there's no massive stream of Chinese steel "posing" as Canadian steel for import into the US. And that imposing blanket tariffs on Canadian steel is further hurting their ability to fight cheap Chinese steel on the opem market.

 

If Trump really wanted to fight Chinese steel dumping, he would be imposing greater tariffs on China, not Canada, and hammering Xi Jinping about currency manipulation. Strangely, though, at every opportunity he's let them skate. And suddenly, right after the Chinese goverment dumps money into a Trump-brand building prohect, he's cut a deal to create thousands of jobs for a Chinese company which is guilty of massive industrial espionage in the US. That's what happens when you elect a successful scam artist out to milk his office for all its worth.

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Just because someone on Breitbart says it's happening that way doesn't make it so. Canadian government and Canadian steel industry officials have pointed out that there's no massive stream of Chinese steel "posing" as Canadian steel for import into the US. And that imposing blanket tariffs on Canadian steel is further hurting their ability to fight cheap Chinese steel on the opem market.

 

 

Of course they would say that. Do you really think they would admit what they're being accused of?

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Yes those tarrifs are horrible for US Steel industry and workers.

 

United States Steel Corporation X is set to reopen the second of two blast furnaces at its integrated steelmaking plant, Granite City Works, in Illinois. The company plans to restart the blast furnace around Oct 1.

 

The steel giant said that it will hire roughly 300 workers for the restart that is expected to support the growing demand for steel made in the United States. The move will also support higher expected shipments starting in fourth-quarter 2018 and also enable U.S. Steel to support customers during its planned asset revitalization in

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every country in the world wants something America has.....a HUGE consumer base, and that's whats being used as leverage to correct prior Govt indisgressions/ errors when it comes to trade issues...

The Aussies don't, that's why there's no tariffs on Australia steel.

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Yes those tarrifs are horrible for US Steel industry and workers.

 

United States Steel Corporation X is set to reopen the second of two blast furnaces at its integrated steelmaking plant, Granite City Works, in Illinois. The company plans to restart the blast furnace around Oct 1.

 

The steel giant said that it will hire roughly 300 workers for the restart that is expected to support the growing demand for steel made in the United States. The move will also support higher expected shipments starting in fourth-quarter 2018 and also enable U.S. Steel to support customers during its planned asset revitalization in

.

Scrap metal rates are about to go through the roof!!

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Right, they don't want the protection provided by the U.S. Navy and other military ops...

The offer of no tariffs was negotiated months ago as part of security pact

Long term partners and allies, strategically important in the region

USA actually has a trade surplus with us.

 

Also Australia is not looking to heavily cash in on US sales of steel

and aloominum..... (we call it AL- YOU-MINI-YUM)

Edited by jpd80
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Of course they would say that. Do you really think they would admit what they're being accused of?

 

Yea, If this was a major practice with Canada it would be easily detectable and they would be called out as liars. As it stands now it is a suspected problem, and largely through other countries, including S. Korea. Now that Trump's family will get hotel business from North Korea, Trump "trusts" Kim so it could become a problem through N. Korea.

 

Bottom line, we should be targeting the trade imbalance with China, but going after our North American neighbors is not the way to do that.

"Except for Korea," he said, "none of the others seems to be a transshipment concern."

http://www.politifact.com/truth-o-meter/statements/2018/mar/08/angus-king/does-much-steel-does-us-import-china/

Edited by Fordowner
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This guy sure seems to make things up as he goes along. First he says steel tarriffs were for national security whatever the f that was supposed to mean. Latest is because of Canadas' dairy tarriffs. Of course he neglected to mention the heavy subsidising of Americano dairy farmers which Canada does not do. Also that 5 times as much American dairy products go to Canada versus the other way. Idiot probably doesnt even know facts just flaps his gums.

Canada is rightly becoming frustrated with the US as he seems to be well supported. Myself I think I will just fly over the US to Mexico or Europe for a winter vacation versus Florida. My little act of protest haha.

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