CANADA'S BANDAID APPROACH TO TARIFFS
EXTENSION OF REMISSION SHOULD BE REPLACED BY REMOVAL OF ALL TARIFFS
While Prime Minister Carney was recently quoted saying there will be no tariffs imposed on US imports, Canada’s remaining tariffs (technically “surtaxes”) on US steel and aluminum and some automotive goods continue to be source of significant economy pain for the remaining industrial businesses left in Canada’s economy.
Even with the recent announcement from the Department of Finance Canada (“DOF”) that remission relief from the tariffs will be extended an additional two months and enhanced, the best course of action in the circumstances would be to tear the “bandaid” right off and eliminate ALL retaliatory tariffs in one fell-swoop.
Tagged in:
Prime Minister Carney
Remission Order
Retaliatory Tariffs
Steel and Aluminum Products
US Imports
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