QuickQuotes some of what was said about US decision to slap tariffs


first_imgOTTAWA – The American decision to levy tariffs against Canadian steel and aluminum exports prompted quick retaliation on Thursday, with Canada promising tit-for-tat levies of its own. Here is a selection of quotes on the issue:—“Canada intends to impose tariffs against imports of steel, aluminum and other products from the United States, representing the total value of 2017 Canadian exports affected by the U.S. measures, that is $16.6 billion. We are imposing dollar-for-dollar tariffs for every dollar levied against Canadians by the U.S.” Foreign Affairs Minister Chrystia Freeland.—“These countermeasures will take effect on July 1, 2018. They will remain in place until the United States eliminates its trade-restrictive measures against Canada.” Freeland.—“The numbers are clear: The United States has a $2 billion US surplus in steel trade with Canada — and Canada buys more American steel than any other country in the world, half of U.S. steel exports.” Prime Minister Justin Trudeau.—“That Canada could be considered a national security threat to the United States is inconceivable.” Trudeau.—“These tariffs are an affront to the long-standing security partnership between Canada and the United States and, in particular, to the thousands of Canadians who have fought and died alongside American comrades-in-arms.” Trudeau.—“This is not about the American people. We have to believe that at some point, common sense will prevail. But we see no sign of that in this action today by the U.S. administration.” Trudeau.—“If Canada and Mexico choose to take retaliatory measures, it would not affect the ability to keep renegotiating NAFTA as a separate track. If any of these parties does retaliate, that does not mean that there cannot be continuing negotiations.” U.S. Commerce Secretary Wilbur Ross.—“We need to have the appropriate responses. We need to be thoughtful about this, but at the same time we need to send a clear response and signal saying that ‘Look, we’re a trusted partner, we’re deeply disappointed, and we’re going to stand up for our workers and for our industry’.” Innovation Minister Navdeep Bains.—“This short-sighted decision is an attack on Ontario’s steel industry and its workers. It is not the action of a friend, an ally or economic partner.” Ontario Premier Kathleen Wynne.—“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.” Dennis Darby, president and CEO of Canadian Manufacturers & Exporters.—“This is a risk that we’ve highlighted in our monetary policy report in the past, the risk of protectionism and the fear of the tit-for-tat responses.” Sylvain Leduc, deputy governor of the Bank of Canada.—“Construction, autos and machinery manufacturing comprise 80 per cent of total domestic steel consumption and their input costs would rise. With costs going up, jobs and prices would take a hit.” Michael Burt, executive director of industrial economic trends at the Conference Board of Canada.—“Retail margins are narrow. So at some point it would have an impact on price.” Karl Littler, vice-president of public affairs for the Retail Council of Canada.—“On a long-term basis, if you’re raising the price of probably the biggest raw material input in a vehicle, you’re going to make any production of vehicles in Canada and the U.S. less competitive against foreign manufacturers and it might suddenly make Asian imports more attractive to consumers.” Flavio Volpe, president of the Automotive Parts Manufacturers’ Association.last_img

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