Canadian business advocacy groups are calling on government action following the promise of American tariffs on Canadian steel and aluminum.
US President Donald Trump has signed an executive order to recover 25 percent tariffs on steel and aluminum imports in their country since March 12.
Candas Ling, president and CEO of the Canadian Chamber Commerce for Commerce, said in a statement that the step was “wrong at many levels.”
Toronto Region Board Trade Fee Trade President and CEO Gils Gerson echoed a similar spirit, who said that a statement should take immediate action “Our economy and Canada’s economic sovereignty should be shores.”
An item to protect the home market for Canadian steel and aluminum businesses In addition to imposing a counter-tariff, the Toronto Region Board Trade Fay Trade for the Canadian Government in response to the tariffs includes the T-Do List of Trade.
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In efforts to launch another issue of the list, as well as the broad and sweeping reforms have been sought in the efforts of National Energy and Crisis Minerals Projects.
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“If we are forced to go alone without our biggest business partner and trusted companion, we need an immediate efficient national economy that reflects the true scale of the top 10 global economy instead of the current expensive piece,” Garson said.
US Data from the National Trade Administration shows that the United States is Canada’s largest market for aluminum, with more than 3 million tonnes in the US last year.
BMO Economist Robert Kavasik says that last year’s Canada’s total steel and aluminum exports to the US. The billion was $ 35 billion, or about one percent of GDP.
“We can do more exercises and see where the steel and aluminum US exports are the biggest and, not surprisingly, they are Quebec and NT Natario.”
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