Steel tariffs lifted on Canadian imports to U.S.
Tariffs imposed on Canadian steel and aluminum imports into the U.S. have been lifted. The Canadian government made the announcement on May 17.
The tariffs--25 per cent on steel and 10 per cent on aluminum--were imposed last June 1.
At the time, the U.S. said the tariffs would help combat the flow of Chinese steel into the U.S.
In a news release, Sault Ste. Marie MP Terry Sheehan said the tariffs were being lifted following "productive" meetings held in Washington in early May.
"Our government has worked tirelessly to protect Canadian steel, and the Sault was instrumental in seeing the end of these tariffs," Sheehan said in the release.
"I have to sincerely thank Prime Minister (Justin) Trudeau and Minister (Chrystia) Freeland for taking the concerns of Saultites seriously, and getting the job done."
Algoma Steel welcomed the announcement, suggesting the change meant a return to "a fair and just steel trade position within a fully integrated North American market."
"Today's announcement provides our customers with the confidence that Algoma Steel remains their partner in steel," said Algoma Steel CEO Mike McQuade.
"I extend our sincere thanks to the current government, who, under the leadership of Prime Minister Trudeau...
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