UPDATE 3-Canada hails tariffs exemption, says to keep lobbying Washington

Published 2018-03-08, 06:18 p/m
© Reuters.  UPDATE 3-Canada hails tariffs exemption, says to keep lobbying Washington

(Recasts with quotes from foreign minister)

By Anna Mehler Paperny and Allison Lampert

TORONTO, March 8 (Reuters) - Canada on Thursday hailed the news it would not immediately be subject to U.S. tariffs on steel and aluminum while promising to continue lobbying Washington until the threat of duties had disappeared.

President Donald Trump announced the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum on Thursday but said Canada and Mexico would be exempt as long as talks to update the NAFTA trade deal progressed. is a step forward. There's more hard work to do, and we will not let up," said Canadian Foreign Minister Chrystia Freeland, who led what officials called an aggressive lobbying campaign to persuade Trump to grant an exemption.

Freeland, speaking in Toronto, also told reporters that "this work continues and it will continue until the prospect of these duties is fully and permanently lifted".

Pressed repeatedly about Trump's decision to link the tariff exemption to progress at the talks on NAFTA, which are going slowly amid U.S. demands for major changes, Freeland said Canada considered the two tracks to be totally separate.

Canada is the largest supplier of both steel and aluminum to the United States.

Freeland, who last week threatened retaliation if tariffs were to be imposed, said Canada would protect its steel and aluminum industries.

"We will not stand by while Canadians' livelihoods are put at risk," she said.

Prime Minister Justin Trudeau said earlier on Thursday there was a "level of confidence" that the country's close relationship with the United States would protect it from the U.S. tariffs.

Trudeau told CBC radio he believed there would be "a recognition that Canada is in a particular situation in our close relationship" with the United States.

Trudeau spoke separately by phone on Thursday with U.S. Senate Majority Leader Mitch McConnell and House of Representatives Speaker Paul Ryan, prominent Republican critics of the tariffs proposal.

Trudeau called Trump on Monday to stress his concerns about the tariffs, officials said.

"We are continuing to push on getting the right deal for Canada, getting the right deal for Canadians, getting the right deal for everyone," Trudeau said in a separate interview on Breakfast Television.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.