International

ARCTIC BLAST: Canada Imposes 25% Tariff on US Steel

posted by Hannity Staff - 10.12.18

The Canadian government unveiled a hefty new tariff on American-produced steel Friday; imposing a 25% tax starting October 25th as a direct response to President Trump’s stiff sanctions announced earlier this year.

“As part of its ongoing efforts to stand up for Canada’s steel industry and support Canadian workers and businesses, today the Government of Canada is announcing further steps to prevent diversion of foreign steel products into Canada, and provide relief to steel and aluminum users in specific circumstances that are paying for countermeasures on certain products imported from the United States,” the Canadian Department of Finance confirmed.

According to the Washington Examiner, the Canadian tariffs will impact seven American-produced goods; including heavy plate, concrete bars, energy tubular products, hot-rolled sheet steel, pre-painted steel, stainless steel wire, and wire rods.

The White House unveiled its first round of tariffs against foreign-produced steel and aluminum back in March.

Read the full story at the Washington Examiner.

AMERICA FIRST: Trump SLAMS EU, Canada, Mexico with STEEL Tariffs

posted by Hannity Staff - 5.31.18

President Trump announced Thursday his plans to levy hefty tariffs on steel and aluminum on key US allies, including the European Union, Canada, and Mexico; making good on a signature campaign promise to help shield American-made products from foreign goods.

Despite the initial plan to exempt North American nations from the tariffs, the administration unveiled the new guidelines after failing to win specific trade deals with both Canada and Mexico.

Commerce Secretary Wilbur Ross said the new taxes will be a 25% surcharge on steel and 10% on aluminum; adding the tariffs could be removed in future talks while renegotiating the North American Free Trade Agreement, or NAFTA.

“The European Union has already notified the World Trade Organization of plans to levy duties on $7.1 billion worth of U.S. exports in response, with the aim of collecting $1.6 billion in tariff revenue,” writes Politico.

“We continue to be quite willing and indeed eager to have further discussions,” Ross added.

ARCTIC BLAST: Trump SLAMS Canada’s Trudeau Over G7 Comments

posted by Hannity Staff - 6.11.18

President Trump unloaded on Canadian Prime Minister Justin Trudeau this week; slamming the “meek and mild” leader after he publicly criticized Trump’s decision to slap hefty tariffs on his nation’s exports.

The President ripped Trudeau on twitter over his “false statements” to the press; adding that he instructed his administration “not to endorse” a joint statement from the G7 countries following the contentious summit.

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