timberland shoe sizing aluminum tariffs will cause
companies from state sponsored Chinese producers.
The tariffs will be felt most heavily by workers and consumers in the United States as the damage spreads throughout the American economy in the form of higher prices and stunted growth, said Jean Simard, head of the Aluminium Association of Canada.
not part of the problem, Simard said. knows it. 90 per cent of the 3.2 million tonnes of aluminum it produces annually, which represents two thirds of America total aluminum imports.
The proposed import duties would boost primary aluminum smelting jobs by an estimated 1,900, while at the same time destroying 23,000 to 90,000 jobs downstream, according to a report released Friday by Harbor, an aluminum industry consulting firm. grants Canada an exemption, said Joseph Galimberti, president of the Canadian Steel Producers Association. could swamp Canada domestic market and will also drive down prices in other countries, making it more difficult for Canadian producers to sell elsewhere, Galimberti said.
is a significant volume of steel that will be displaced into the global market, which is already widely understood to be over capacity. is balanced, with $6 billion of the product that moved in both directions across the border in 2017. receives 90 per cent of Canadian steel exports, the association said.
The epicentre of Canada steel industry is Hamilton,
Ont., and the surrounding region, where at least half of the country steel exports originate, said chamber of commerce president Keanin Loomis.
to us is everything. It our identity. It our legacy, Loomis said, adding he and other chamber members were by Trump announcement. law that allows him to introduce the tariffs for reasons of national security. imposed tariffs on Canadian steel imports, which occurred under former president George W. Bush. They were quickly reversed after the negative downstream effects on the American economy became apparent, he said.
has been tried before. It failed. It would be foolish to try this again. Minister Justin Trudeau called the trade measures unacceptable. just makes no sense to highlight that Canadian steel or aluminium could be a security threat to the United States, he said.
While there is scant detail on what the tariffs would look like, the North American automobile industry stands to be seriously affected.
auto sector really doesn have a border, said Flavio Volpe, head of the Auto Parts Manufacturers Association. like a plate of spaghetti. It not always that easy to pull one strand out. takes time to ramp up steel production, meaning that in the short term American consumers bear the costs of paying the tariffs, Volpe said. He added that boosting steel capacity is also capital intensive, the cost of which would also fall on American consumers.
Mark Nantais, president of the Canadian Vehicle Manufacturers Association, said he didn want to speculate about the tariffs in the absence of more details, but he encouraged Canadian officials to push for exemptions.