U.S. steel tariff 'boondoggle' offers more exclusions to China than Canada - News Summed Up

U.S. steel tariff 'boondoggle' offers more exclusions to China than Canada


So far, the U.S. Department of Commerce has excluded about 40 per cent of imports of Chinese steel from facing its 25 per cent tariff. The head-scratching discrepancy gets even stranger with the United States' 10 per cent tariff on aluminum imports. Catherine Cobden, the new president of the Canadian Steel Producers Association, said the analysis tells a pretty troubling story. "It's almost like steel tariffs are just diverting our sources of product. "There are about 140,000 workers who are employed by steel companies who are meant to benefit from these steel tariffs.


Source: CBC News February 09, 2019 09:00 UTC



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