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Canadian manufacturers deeply concerned with U.S. Administration decision to levy tariffs on steel and aluminum

Published by Stefi Proulx on May 31, 2018

OTTAWA (May 31, 2018) – Canadian Manufacturers & Exporters (CME) condemns the decision of the U.S. Administration to levy tariffs of 10% on aluminum and 25% on steel Canadian imports.

“CME appreciates the federal government stepping up for the industries by taking a strong line and imposing hefty countermeasures,” said Dennis Darby, President & CEO of CME. “The decision of the U.S. Administration is an unfortunate outcome for the North American economy. Steel and aluminum are a key component of countless manufactured goods. Because of the deep integration of manufacturing supply chains, the tariffs will drive prices up for all consumers.”

“The tariffs will have devastating impacts on the highly integrated North American steel and aluminum supply chains. The competitiveness of both American and Canadian industries will be negatively affected as a result,” added Darby "These measures are unjustified and, we believe that Canada should have received a permanent exclusion.”

The Canadian steel and aluminum industry employs 22,000 and 10,000 respectively.  Canada is the largest supplier of both steel and aluminum to the United States with which we have a zero trade balance on steel products. 


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About the Canadian Manufacturers & Exporters:

Since 1871, Canadian Manufacturers & Exporters has been helping manufacturers grow at home and thrive around the world. In 2016, CME released Industrie 2030 - a roadmap for doubling Canadian manufacturing activity by 2030. Our focus is to ensure the sector is dynamic, profitable, productive, innovative and growing. We aim to do this by strengthening the labour force, accelerating the adoption of advanced technology, supporting product commercialization, expanding marketplaces and, most importantly, ensuring a globally-competitive business environment. CME is a member-driven association that directly represents more than 2,500 leading companies who account for an estimated 82 per cent of manufacturing output and 90 per cent of Canada's exports.

 

For more information, please contact:

Stefi Proulx
Director of Communications & Branding 
Canadian Manufacturers and Exporters
613-292-6070
stefi.proulx@cme-mec.ca

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