Steel and Aluminum Tariff Countermeasures — Feedback Sought
On May 31, 2018, the United States (U.S.) announced the imposition of tariffs on imports of certain steel and aluminum products from Canada (at the rates of 25% and 10%, respectively).
In response to these measures, Canada intends to impose surtaxes or similar trade-restrictive countermeasures against up to C$16.6 billion in imports of steel, aluminum, and other products from the U.S., representing the value of 2017 Canadian exports affected by the U.S. measures. The Government is also considering whether additional measures may be required.
The federal government is currently holding consultations with industry until June 15th to gauge support for, and concerns with, the proposed counter-measure tariffs on these imports.
The BBOT encourages Burnaby businesses which import and the products/materials set to be impacted by these countermeasures to share their thoughts with the federal government.
For more information on sharing your concerns and/or support with the federal government, please visit: https://www.fin.gc.ca/activty/consult/cacsap-cmpcaa-eng.asp