Notice of tariffs on Canadian steel and aluminum products and intent to impose countermeasures
The US has imposed additional tariffs of 25% to steel and 10% to aluminum imports from Canada, Mexico and the European Union.
If you do not export these products to the US, you may not feel the adverse effects of it right away.
However, since the cost of exporting these products to the US will increase, the cost of items that contain steel or aluminum will also increase. In the end, the consumer will have to pay more for these products unless a deal or an agreement can be reached.
Canada has replied with their own list of tariff import increases to counter attack the US' increase in steel and aluminum tariffs.
The link for these products is www.fin.gc.ca/activty/consult/cacsap-cmpcaa-eng.asp which is set to be imposed on July 1st.
Please note that the Canadian Government has opened consultation talks with importers to discuss these counter measures and this panel is set to close on June 15th. More information regarding that is also included the link here.
If you should have any questions or concerns regarding these matters, please do not hesitate to contact us, we will gladly assist you.