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CME testifies at House of Commons Committee on Trade on Steel and Aluminum Tariffs

Published by Stefi Proulx on June 26, 2018

OTTAWA (June 26, 2018) -- CME testified today before the House of Commons Standing Committee on International Trade in the context of its emergency study on the potential impacts of U.S. tariffs on steel and aluminum and Canadian counter-measures on businesses and employment. 

CME observed that the Canadian retaliatory tariffs are a political necessity but, stressed that the counter-measures will have a major negative impact on Canadian businesses, especially if the tariff fight is prolonged, or intensified. CME conveyed the worries of manufacturers regarding the prospect of escalating tariffs and, disruptions in the North American supply chain. 

CME suggested 5 key recommendations to mitigate the impacts issued from in-depth consultations with members on the issue: 

  1. Focus on NAFTA renegotiation and concluding a deal
  2. Excluding manufacturing inputs from retaliatory tariffs
  3. Introducing safeguards to protect the domestic market against third-country dumping
  4. Developing emergency relief funds for distressed industries
  5. Reinvesting tariff revenue into an investment support program

Read the full remarks here

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

Found in: United States tarriff relief

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