(Janyce McGregor – CBC News)
If the Trump administration’s tariff policy is meant to target unfair Chinese trade, it sure has a funny way of going about it.
So far, the U.S. Department of Commerce has excluded about 40 per cent of imports of Chinese steel from facing its 25 per cent tariff. But to date, only two per cent of the total volume of Canadian steel imports to the U.S. has been cleared to dodge the tariff.
The head-scratching discrepancy gets even stranger with the United States’ 10 per cent tariff on aluminum imports.
About 86 per cent of Chinese aluminum imports now enter the U.S. tariff-free, while less than one per cent of Canadian aluminum shipments do. Click here to read more.
- A Tale of Two Steel Firms and Their Diverging Paths Under Trump’s Tariffs (Wall Street Journal)
- U.S. Steel Credits Trump in Resuming Work at Alabama Plant (MarketWatch)
- Big Steel, a Tariff Winner, Steps Up Its Spending in Washington (Wall Street Journal)