Canada, Mexico, EU Retaliate against US Steel and Aluminum Tariffs

(From CBS News)

Key U.S. economic allies are firing back with retaliatory trade measures following the Trump administration’s move to impose steep tariffs on steel and aluminium imports.

Canada’s government on Thursday announced plans to levy tariffs on products including American-made steel and aluminum. That policy will continue so long as the U.S. tariffs remain in force.

The White House has said the U.S. tariffs — 25 percent duties on steel and 10 percent on aluminum shipments from Canada, EU member states and Mexico — are necessary to safeguard U.S. national security.

In announcing his country’s response, Canadian Prime Minister Justin Trudeau said it was “inconceivable” that Canada “could be considered a national security threat to the United States,” noting that U.S. fighter planes and tanks contain Canadian steel.

“These tariffs will harm industries and workers on both sides of the Canada-U.S. border and will disrupt supply chains that have made steel and aluminum from North America more competitive across the whole world,” he said in a press conference in Ottawa.

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