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Home / Business / Ottawa detailed list of US Customs Targets, offering up to $ 2B support

Ottawa detailed list of US Customs Targets, offering up to $ 2B support



OTTAWA – The Trudeau government intensified its trade battle with US President Donald Trump on Friday, releasing a massive $ 16.6 billion final list of US imports, which will receive retaliatory tariffs this weekend.

The Federal Government also released details of a grant package for industries caught in the crossfire, including up to $ 2 billion in fresh money and support for workers in Canada's steel, aluminum, and manufacturing sectors

Ottawa's unprecedented reprisals against his closest Allies Comes to Canadian Steel and Aluminum in Response to the Trump Customs Tariffs

The question is, what's next? There are preparations for the possibility of a lengthy and escalating dispute.

Secretary of State Chrystia Freeland revealed the details ̵

1; including a completed list of targeted US products – during a press conference at a steel mill in Hamilton [196592002] "Canada has no choice but to deal with a measured, perfectly counter-dollar Avenging a dollar reaction – and that's exactly what we're doing, "said Freeland.

"They will come into force on July 1 and remain in force until the United States abolishes its trade-restrictive measures against Canada."

Prime Minister Justin Trudeau apparently repeated this position on Friday in a telephone call himself to the president himself.

A read-out of the call released by the Prime Minister's office tells Trudeau Trump to express his sympathy with a deadly shooting at a newspaper in Maryland this week – but the two leaders also discussed trade.

"As he said in earlier talks, the Prime Minister conveyed in public that Canada has no choice but to proclaim reciprocal countermeasures to the steel and aluminum tariffs that the United States imposed on June 1, 2018," said in the issue.

The two heads of state and government agreed to stay on track. "

Apart from US tariffs for steel and aluminum imports, dozens of additional consumer goods are subject to 10 percent in taxes – from ketchup to lawnmowers to playing cards

It's all part of Ottawa's plan in response to high tariffs on steel and aluminum of 25 percent and 10 percent, respectively, which Trump had imposed last month to strike back at the US

Freeland cited the legal pretext by the US to impose the duties – that Canada poses a national security threat – "not only absurd, it's hurtful. "

" We are perfectly in our right to respond, "said Freeland, who had joined the announcement of Trudeau's Cabinet counterparts (Patty Hajdu and Navdeep Bains)

However, there is a fear that Canadian tariffs, some of which target businesses in Trumps and its supporters, are leading to new trade from the US could lead. The US automotive supplier Peter Clark, a commercial consultant from Ottawa, said he had already threatened to enter the automotive sector Tariffs, which could be far worse for the Canadian economy than steel and aluminum. Huge Catastrophe "for Canada.

Freeland asked if she feared that the US would escalate, recalling a public statement she had made shortly before the start of the NAFTA negotiations – another difficult Canadian-American trade file At the time, she said she told Canadians that the federal government was expecting "moments of drama in this process."

"I think this prediction was confirmed," she said. "I think we all expect that at this point That there will be some dramatic moments in the future. "

Ohio-based commercial lawyer Dan Ujczo believes that Trump will introduce car fares to some extent, though he predicted that they would be the European Union rather than Canada

Overall, Ujczo said that Canada's retaliatory tariffs had been built into the White House calculus for months. "The situation means it the top priority now is for the NAFTA negotiations to come to a halt as soon as possible, "he said.

The US tariffs are inextricably linked to the NAFTA negotiations. And at the end of the day, Ujczo added that the overall goal of the Trump government is to prevent Canada and Mexico from being the back door to North America for Chinese goods like steel.

"What we've seen In the last six months, Canada will take action to stop it," he said. "But from the American point of view, it took the risk of tariffs in order to encourage Canada to do so."

Last week, US Secretary of Commerce Wilbur Ross said US tariffs against Canada and other allies should force them to take action to tackle global overproduction and overcapacity of steel.

Freeland insisted that Canada put in place stronger protective measures for steel long before the US imposed tariffs.

Against this background, Ottawa sees more work. Minister of Economic Development Bains said Friday that government officials would consult with industry so that more could be done to combat the diversion and dumping of aluminum and steel on the Canadian market.

The Trudeau government decided against Trump countermeasures have found broad support in Canada. But domestic companies, especially those in the steel sector, have expressed deep concern about an escalation in the trade.

More broadly, the effects of the trade conflict are expected to hurt both economies – putting jobs at risk and potentially attracting consumers.

For example, Clark said how the price of products like steel is rising, the increases are being made by the system and beat the consumer in the wallet.

In support of businesses and workers, Friday Bund Package includes similar measures to those offered by Ottawa last year in response to the US obligations on softwood lumber products from Canada.

For the recent dispute, the government intends to help affected workers by doubling the duration of employment contracts under the employment insurance program to 76 weeks from 38 weeks. The goal is to help companies retain skilled workers and avoid layoffs.

Ottawa also vows to increase provincial and territorial funding to increase job and education programs.

For businesses, Ottawa promises promising financing and services to the $ 1.7 billion steel and aluminum industry through the Business Development Bank of Canada and Export Development Canada.

Through its strategic innovation fund, Ottawa also offers support of up to $ 250 million to boost Canada's competitiveness Manufacturers and strengthen the integration of the Canadian supply chain for steel and aluminum

Bains said the support should Helping companies adapt to the difficult circumstances while giving them the opportunity to continue innovating.

The government also plans to invest $ 50 million over five years to help companies take full advantage of recent trade agreements, including Canada's deal with the euro European Union and its membership in the Trans-Pacific Partnership

– By Files by Armina Ligaya in Hamilton


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