Canadian steelmaker Essar Steel Algoma Inc. yesterday appealed to the Commons trade committee for help against U.S. duties. One factory owner told MPs’ tariff hearings that all Canadians are now paying for cross-border taxes.
“This has had a significant impact on Algoma’s exposure to the United States in the short period of time these tariffs have been in place,” said CEO Kalyan Ghosh. “We have seen a drop in exports to key states where we send the majority of our products – Minnesota, Michigan, Illinois and others.”
American tariffs are 25 per cent on Canadian steel and 10 per cent on aluminum. Cabinet imposed comparable retaliatory tariffs on U.S. imports July 1 worth more than $300-million.
“We recommend the government explore a quota-based system in exchange for tariff exemption,” said Ghosh; “Trade quotas could be divvied up between Canadian steelmakers based on historical performance”, he said. Continue reading Essar Algoma wants tariffs gone, explore quota system (USW is not in favour of quotas
