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Trump Trade Sanctions Aimed at China Could Ensnare Canada

2018-02-27 0 Dailymotion

Trump Trade Sanctions Aimed at China Could Ensnare Canada<br />The countries have clashed over the North American Free Trade Agreement, American tariffs on Canadian lumber,<br />and Canada’s recent complaint to the World Trade Organization about American trade practices.<br />Canada also made up the largest share of American steel imports in 2016 — 17 percent — followed by Brazil, South Korea, Mexico and Turkey.<br />The measures could fall particularly hard on South Korea, which was named as one of the countries<br />that would face a 53 percent tariff on its steel exports, along with China, Brazil, India, Russia, Turkey and six others, under one potential scenario in the report.<br />“From a defense perspective, it makes no sense to limit imports from Canada in the future,” said Alf Barrios,<br />the chief executive of Rio Tinto Aluminum, which exports aluminum from Canada to the United States.<br />“There is no justification to include Canada with countries<br />that systematically violate trade laws and engage in the dumping of illegally subsidized aluminum and steel,” he said after the release of the Commerce Department report.

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