Steel and aluminum tariffs are gone, so now what? | CBC News
The American tariffs on Canadian steel and aluminum — 25 per
cent and 10 per cent, respectively — disappeared as of today. Finance
Minister Bill Morneau announced on Monday that Canada lifted its
retaliatory countermeasures against the U.S., according to a news release from the Department of Finance Canada.
cent and 10 per cent, respectively — disappeared as of today. Finance
Minister Bill Morneau announced on Monday that Canada lifted its
retaliatory countermeasures against the U.S., according to a news release from the Department of Finance Canada.
When the deal was announced on Friday, the government said the taxes would stop in two days time.
However,
that doesn’t mean that Canadian metal is in the clear yet. The U.S.
reserved the right to reimpose duties if imports “surge” beyond
historical levels.
What exactly does that mean? We’re not sure yet.