wnol.info June 23 2018


PM continues steel tour with stops in Sault Ste. Marie, Regina

June 23 2018, 04:46 | Irvin Gilbert

PM continues steel tour with stops in Sault Ste. Marie, Regina

PM continues steel tour with stops in Sault Ste. Marie, Regina

As Canadians we might like to keep up our "polite" personas, but our own Prime Minister Justin Trudeau seems to have taken it further than usual.

NAFTAThis comes on the same day that Trudeau made comments that very closely reflected both Canada's Foreign Minister Chrystia Freeland as well as Mexico's economy minister that NAFTA negotiations are completely separate from the new tariffs. "But, we know there's a win-win-win we can get to", Trudeau told one employee at the Algoma steel facility.

The prime minister - on a cross-country tour of aluminum and steel factories - was speaking as Trump faced a global onslaught from countries that warned him against a damaging trade war or heading down a "dead end" road of protectionism.

Trudeau said Monday that he told Trump during a recent phone call that putting duties on Canadian steel and aluminum would hurt ongoing NAFTA negotiations. "We had your backs last week and we always will". Initially billed as a response to USA tariffs announced by President Donald Trump, Trudeau has since used the appearances to promise workers that the federal government will back them up.

Quebec Premier Philippe Couillard spoke to reporters alongside Trudeau and said he wouldn't accept any undue pressure on the province's dairy farmers as a potential compromise in the steel and aluminum conflict.

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The chief executive of ArcelorMittal (MT +0.5%) Dofasco operations in Canada tells Reuters that the company is not seeking government aid, even as the domestic steel industry faces uncertainty after the us provided temporary relief on steel imports. We also know they face real challenges, including concerns around global overcapacity and our integrated North American market.

Mr. Trudeau would not specify what actions the federal government will take to shut out offshore steel. Marie but he will be in Saskatchewan by the afternoon and the first stop on his itinerary is a meeting with Mayor Michael Fougere. "Our steel, our aluminium is in their tanks and ships and planes".

He said Canada would be alert to that and work with industry partners and the United States to make sure that doesn't happen.

Canada, the top supplier of steel and aluminium to the United States market, has been temporarily exempted from the tariffs, along with Mexico.

Sean Donnelly, who heads Canada's largest steel manufacturer, added that the government must put resources in place to ensure cheap steel is not diverted to Canada after Trump decided last week to impose a 25 percent tariffs on steel imports.



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