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HomeCommodity NewsCanada pessimistic about quick end to U.S. metals tariffs: sources

Canada pessimistic about quick end to U.S. metals tariffs: sources

By David Ljunggren

OTTAWA (Reuters) – Canada does not hold out much hope that Washington will quickly lift tariffs that it imposed on steel and aluminum exports and is resisting a U.S. push to agree to strict quotas, two sources familiar with the matter said.

The administration of U.S. President Donald Trump imposed the sanctions on Canada and Mexico in June, citing national security reasons. Although Canada and Mexico agreed a renewed continental trade deal last week, the measures remain in place.

Canada is the single largest supplier of both aluminum and steel to the United States. Washington worries that nations could try to ship supplies through Canada and pretend the metals had been produced in Canadian facilities.

Read more at : https://www.investing.com/news/commodities-news/canada-pessimistic-about-quick-end-to-us-metals-tariffs-sources-1641069

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