Trade Cases
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Freeland: No Timeline for U.S. Removal of Section 232
Written by Tim Triplett
October 23, 2018
Canadian Foreign Affairs Minister Chrystia Freeland says it would be in the best interest of both Canada and the United States to lift tariffs the countries now impose on each other, but she offered no timeline on when that might occur.
Responding to a press question yesterday on the prospects that the U.S. Section 232 tariffs on steel and aluminum might be lifted soon, Freeland reiterated Canada’s view of the tariffs. “We believe these measures to be unjustified and illegal, and that is why we are challenging them at the WTO…. That is why Canada imposed July 1 a measured dollar-for-dollar retaliatory response.
“We also think that it is overwhelmingly in the best interest of both Canada and the United States for these reciprocal tariffs to be lifted,” she added. “It is certainly reasonable to think that with…the agreement in principal around the new trade deal, that positive momentum should bring Canada and the United States to simply say it is time to lift these tariffs.” But she did not speculate on when that might happen.
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Tim Triplett
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Price: Should billions in Section 232 revenue go to foreign manufacturers or to the American people?
Do we want the benefits of the Section 232 tariffs to flow to the bottom lines of foreign steel and aluminum producers or to the US government and, ultimately, domestic manufacturers and their workers? In our view, the answer is simple. Section 232 exceptions do nothing more than lead to underserved profits for foreign manufacturers who are harming the US industrial base. That revenue could be used to pursue the Trump administration’s other policy priorities - such as deficit reduction or expanded tax cuts.
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Mills allege ‘critical circumstances’ in CORE trade case vs. South Africa, UAE
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European Commission eyes retaliation vs. Trump steel tariffs: Report
The European Commission is looking into making current quotas on steel imports stricter as a countermeasure to President Trump’s recently announced tariffs on steel and aluminum imports to the US, according to an article in Reuters.
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Trump could levy tariffs on auto imports in April: Report
President Donald Trump said last week that he could place tariffs on auto imports, according to an article in Politico.
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Section 232 tariffs are headed downstream
The Trump administration has revealed the list of derivative steel products being added to the Section 232 tariff list.