Why Trump is reluctant to drop tariffs on Canadian steel — regardless of NAFTA outcome [Financial Post (Toronto, Ontario, Canada)]
KeyCorp (KEY)
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Source: Financial Post
Why Trump is reluctant to drop tariffs on Canadian steel — regardless of NAFTA outcome If Trump agrees to remove them he’ll just change them into quotas. "Canada won’t like it but it’s better than a kick in the pants” If landing a new North American Free Trade Agreement has been a tough haul for Canada, securing a permanent exemption from U.S. President Donald Trump’s steel tariffs may prove even harder. Doubts about how the newly-booming American steel industry will fare without tariffs, combined with Trump’s penchant for wielding them as leverage in trade talks suggest the U.S. will be reluctant to simply drop them without insisting on quotas, analysts say. “It will be very difficult to get rid of those tariffs now especially with a president like Trump who really believes in them,” said Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics in Washington, D.C. “That means even if he agrees to remove them he’ll just change them into quotas. Canada won’t
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