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Canada: Relief relating to U.S. tariffs on steel and aluminum imports

Canada: Relief relating to U.S. tariffs

Canada’s government today announced further steps to prevent diversion of foreign steel products into Canada, and to provide relief to steel and aluminum users in specific circumstances relating to countermeasures on certain products imported from the United States.

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Canada's response began in July 2018, when reciprocal countermeasures were imposed on $16.6 billion of imports of steel, aluminum, and other products from the United States in response to U.S. tariffs on Canadian steel and aluminum. Read TradeNewsFlash

As noted in today’s release from Canada’s Department of Finance, the following measures are intended to support Canadian producers and manufacturers: 

  • Targeted relief from surtaxes collected on steel, aluminum and certain other products imported from the United States since 1 July 2018—companies that have applied for and been granted relief can now import these goods without paying surtaxes. A portion of this relief will be temporary, offered until such time that Canadian producers are able to meet domestic demand.
  • Provisional safeguard measures on seven steel products—heavy plate, concrete reinforcing bar, energy tubular products, hot-rolled sheet, pre-painted steel, stainless steel wire, and wire rod. Beginning 25 October 2018, imports of these seven steel products will be subject to a surtax of 25% when the level of imports from trading partners exceeds historical norms.

 

Read an October 2018 report prepared by the KPMG member firm in Canada

 

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner, Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

Andy Siciliano
Partner, National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Irina Vaysfeld
Principal
T: 212-872-2973
E: ivaysfeld@kpmg.com

Robert Waldrop
Principal
T: 212-954-8117 
E: rwaldrop@kpmg.com

Christopher Young
Principal
T: 312-665-3229
E: christopheryoung@kpmg.com

George Zaharatos
Principal
T: 404-222-3292
E: gzaharatos@kpmg.com

John L. McLoughlin
Principal, East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal, WNT
T: 212-954-3094
E: labad@kpmg.com

Amie Ahanchian
Managing Director
T: 202-533-3247
E: aahanchian@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

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