As you may have heard, the Canadian Government just announced that the U.S. 232 tariffs on Canadian steel and aluminum will be lifted in 48 hours. This is good news for the hundreds of thousands of Canadian workers whose jobs depend on the production of steel and aluminum.
As a Union we have been pushing as hard as we can in both the US and Canada to get these governments together to lift these tariffs. It is a credit to our Union’s efforts in Washington, Ottawa and across North America that we have put sufficient pressure on both governments to see that these tariffs between Canada and the U.S. were harmful and made no sense.
So we are pleased that the tariffs have been lifted and there will be no quotas going forward. The agreement also includes a mechanism to monitor import surges in steel and aluminum, but the details of that mechanism have not been finalized. This is important because we continue to see a global overcapacity in the steel market, and the US and Mexico have taken measures to close and protect their steel market from surges and the dumping of steel from other countries like China, Turkey and India.
We remain concerned that unlike Mexico and the US (and Europe) Canada has not yet taken measures to stabilize and protect the vast majority of our steel market from import surges caused by overcapacity and the closing of other markets.