In The Media

U.S. tariffs on steel will drive up cost of military gear: ministers

by Mike Blanchfield (feat. Dave Perry)

The Canadian Press
May 31, 2018

OTTAWA — The Trump administration’s decision to impose punishing new tariffs on Canadian steel and aluminum could have dire consequences for Canada’s defence sector and drive up the price of new military equipment, federal ministers said Thursday.

U.S. Commerce Secretary Wilbur Ross dropped a bombshell when he said Washington would proceed with 25 per cent tariffs on Canadian steel and 10 per cent tariffs on Canadian aluminum, using a national-security clause in U.S. trade law to justify the move.

The tariffs, set to take effect at midnight, happened to coincide with the Cansec trade show, in which many of the world’s largest defence companies descend on Ottawa each year to pitch their wares to government.

CLICK HERE TO READ THE FULL ARTICLE AT THE CANADIAN PRESS


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