Published: Tue, March 13, 2018
People | By Neil Grant

USA Makes Taxes on Steel and Aluminum Imports Official

USA Makes Taxes on Steel and Aluminum Imports Official

President Donald Trump says new tariffs on steel and aluminum are needed because of "large trade deficits with Mexico and Canada".

The other victor in this negotiation is Prime Minister Justin Trudeau.

But the goods deficits are more than made up by the service surplus.

The president suggested earlier Thursday he would provide temporary exemptions for Canada and Mexico as he aims to revise the North American Free Trade Agreement.

"If we don't make the deal on NAFTA, and if we terminate NAFTA. we'll start all over again". But we'll terminate NAFTA, and that'll be it.

He said the blanket imposition of the tariff on the U.S.' historic allies, Canada and Europe, "is a real invitation to a significant commercial trade conflict that will serve no one".

"We feel they (steel prices) will continue to go up", said a third source.

In making the long-awaited announcement Thursday, Trump says the USA industry has been "ravaged by aggressive foreign trade practices".

Trump has said the USA will be "very fair" but "very flexible" and "protect the American worker". "So they charge us 50, we would charge them 50", Trump said in his remarks before signing the two proclamations. "We must continue to hold the line, so that Canada remains excluded from these tariffs permanently".

The action being taken, the president said, follows a nine-month investigation by the Department of Commerce, documenting a growing crisis in United States steel and aluminium production that threatens the security of the country.

Specifically, the exclusion process will provide opportunities for companies to have specific steel and aluminum products excluded from the tariffs.

"This announcement is a great step towards protecting jobs within the industry and within our community of Sault Ste".

The fight over tariffs comes amid intense turmoil in the West Wing, which has seen waves of departures and negative news stories that have left Trump increasingly isolated in the Oval Office, according to two senior officials speaking on the condition of anonymity to discuss internal thinking.

"We have a very close relationship with Australia".

"I want the people of Sault Ste". Marie, Michigan would immediately be forced into a recession.

President Trump announced harsher tariffs than those recommended in the reports.

A provision in a 1962 USA law allows the president to set emergency tariffs as a security issue.

The fact that Canada might be included on the initial hit list had become a political sore spot for the administration. Critics called it absurd to claim that Canadian imports threatened USA national security.

The lobbying found a mostly receptive audience: the USA military strongly resisted tariffs against allies, and 107 congressional Republicans released a letter this week to express their alarm over the move.

The United Steelworkers joined the call today for permanent exemptions for Canadian steel and aluminum. He reiterated that he would levy tariffs of 25 percent on imported steel and 10 percent on aluminum.

"The problem of Chinese overcapacity is one we all face". Concerned companies need to begin developing and executing an advocacy campaign that educates the public about the harms of these tariffs (specifically as related to employment or ongoing business operations) and making outreach to key Legislative and Executive branch officials who have a stake in the health of the companies. "That's why the exemption must be permanent".

The Trump administration launched a Section 232 investigation past year into the impact of imported steel and aluminium on the U.S.' national security.

Last week Kitimat Unifor Local 2301 president Sean O'Driscoll said Unifor representatives would be meeting with the provincial energy and trade ministers in Victoria to lobby on behalf of BC Works members and the community.

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