Canadian Chamber of Commerce Welcomes Tariff Ceasefire

Phil Taylor – 17/05/2019

Ottawa – May 17, 2019 – Canadian Chamber of Commerce President and Chief Executive Officer, Honourable Perrin Beatty, P.C., O.C., issued the following statement today in response to an announcement that a deal has been reached between Canada and the U.S. on steel and aluminum tariffs.

“Today’s announcement of a deal to lift steel and aluminum tariffs is very positive news for Canadian businesses. These tariffs have never had a national security justification, and the Canadian Chamber of Commerce welcomes this long overdue resolution.

We commend the federal government for its tireless efforts to have these tariffs lifted and their steadfast opposition to quotas. We look forward to reviewing the details of this announcement in the coming days with our members, including the transshipment and monitoring provisions, and to obtaining greater clarity on the ability to reintroduce tariffs in the event of import surges. 

Canada’s retaliatory tariffs have been a necessary, but unfortunate part of the federal government’s strategy in asserting pressure on the U.S. Administration to lift their unjustified tariffs. We look forward to these tariffs being removed.

However, our work to bring our trading relationship with our largest export market to its new equilibrium point is not yet done. We look forward to discussions progressing between the White House and Congress to establish the path ahead for U.S. ratification of the Canada-United States-Mexico Agreement, which should expedite Canada’s own implementation process.

The announcement also enables the U.S. and Canada to focus on tackling the distortive industrial subsidies that cause global over-production in the steel and aluminum sectors. As noted in our Vote Prosperity platform, we must continue to work together in forums such as the World Trade Organization and Organization for Economic Co-operation and Development.”

TradeGraham Scott